Page 36 - SAMENA Trends - September-October 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

telecommunication networks in neighboring programs and working diligently to achieve France, Pakistan, Kenya, and Djibouti. The
countries. The new consortium consists the goals and mission of the Saudi Vision following phase will include additional
of Mobily (KSA), Etisalat and G42 (UAE), 2030. We join the Africa-1 consortium landings in Yemen, Somalia, Tanzania, and
Pakistan Telecommunication Company, with an eye to creating a positive impact Mozambique. The system will be equipped
Telecom Egypt, Zain (Sudan), and Algeria on various sectors by adding a new line with ASN 1620 Softnode transmission
Telecommunications Corporation (Algérie to the global telecommunications network equipment, featuring high-performance
Télécom), in addition to other global through the Kingdom. This will enhance the 200/300/400 Gb/s advanced coherent
service providers. By joining the Africa-1 resources available to our various clients XWAV line cards. This project is the latest in
consortium, Mobily plays a pivotal role locally and regionally by providing a direct a series of initiatives by Mobily to improve
in enhancing KSA's digital infrastructure, connection to global strategic locations.” the customer experience through new and
in line with the objectives of Saudi Vision The new sub-sea cable system will feature advanced technologies. Moreover, Mobily
2030, aiming to provide a faster and more advanced technologies that takes the continues to support digital transformation
reliable internet connection. This step will KSA’s telecommunication network to a new by providing high-quality and more reliable
also enable stronger telecommunication level of high performance, while users can internet speeds that meet international
services to meet the needs of Mobily benefit from improved services. The cable standards, in addition to activating its
customers across both public and private system will be landing in a new strategic strategy, enhancing its distinguished
sectors along their journey of digital landing station in Duba, northwest of Saudi infrastructure capabilities, increasing its
transformation. Thamer A. AlFadda, Senior Arabia. The project is expected to be ready diversity, emphasizing its flexibility, and
Vice President Wholesale & Carrier Services, for service by the end of 2024. The 10,000 making it the operator of choice among
said: “Mobily affirms its commitment km sub-sea cable will initially have landings clients.
to supporting digital transformation in the KSA, UAE, Egypt, Sudan, Algeria,

Mobily Reports Healthy Growth in Revenues, EBITDA in Q3 2022

Saudi Arabian mobile network operator
(MNO) Etihad Etisalat (Mobily) has
published its financial results for the
three months ended 30 September 2022,
reporting a 6.2% year-on-year increase
in revenues to SAR3.828 billion (USD1
billion), up from SAR3.606 billion in 3Q21.
The company claims that the positive
result was due to the growth of all
revenue streams, coupled with a ‘healthy
growth’ in its fiber-to-the-home (FTTH)
and overall subscription base. Further,
EBITDA increased to SAR1.487 billion
in 3Q22, up by 7.0% y-o-y, while interest
and financial charges grew 19.7% y-o-y to
SAR150 million in the period under review,
reflecting the increase in interest rates. Net
profit, meanwhile, improved by 32.7% y-o-y
from SAR281 million to SAR373 million in
3Q22. CAPEX for the first nine months of
2022 amounted to SAR935 million versus
SAR885 million for the similar period of the
previous year.

Mobily Announces the Establishment of the Digital Hub Through a New

Carrier Neutral IX & Infrastructure Expansions Initiatives

Mobily announced its investments in new took place in London. The conference and the transformation of the wholesale
submarine cables, terrestrial networks, brought the carrier community together telecom ecosystem fueled by rapid digital
data centers and internet exchange at the under one roof to discuss current and transformation. Mobily was a Gold Sponsor
Capacity Europe 2022 Conference, which future partnerships, collaborative projects, at the event and announced and shared its

36 SEPTEMBER-OCTOBER 2022