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Indonesian telecom operator Indosat Ooredoo Hutchison has unveiled impressive financial results for the first quarter of 2024, alongside highlighting strategic partnerships with global tech giants Nvidia, Cisco, and Mastercard. In Q1, Indosat recorded total revenue of $873 million, marking a robust 15.8% year-on-year increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 22.1%, with an EBITDA margin of 47.0%, while net profit soared by 39.4% to reach $82 million.

5G

Ooredoo Teams Up with Nokia to Tap into Private 5G Market

By Kamile Bigenyte April 30, 2024

Qatar-based telecommunications giant Ooredoo has announced a strategic partnership with Nokia aimed at capitalizing on the burgeoning private 5G network sector. The collaboration, formalized through a Memorandum of Understanding (MoU), will see the two companies working together to develop bespoke 5G networks tailored for enterprise clients.

AI

Indosat Ooredoo Hutchison and Huawei: Steering AI-powered Transformation in Indonesia

By Kamile Bigenyte February 28, 2024

At MWC 2024, a pioneering agreement was drawn between Indosat Ooredoo Hutchison and Huawei, aiming to bolster AI’s transformative role in industry applications and skill enhancement. With AI driving industrial growth, both parties jointly commit to democratizing digitalization and nurturing shared cloud resources, fostering innovation and significant growth.

M&A

Unpacking Indosat Ooredoo’s Data Center Sale to BDx Indonesia

By Kamile Bigenyte January 11, 2024

Indosat Ooredoo Hutchison (IOH) discloses plans of selling its data centres to BDx Indonesia, brightening BDx’s footprints in the Indonesian market. This move plays to the advantage of BDx who already operates data centres in Asia, while strengthening IOH’s commitment to enhance Indonesia’s tech landscape. Secured by substantial banking funding, this development emphasizes the continuous growth in the telecom and IT sectors.

M&A

Zain, Ooredoo, and TASC Towers Merge, Creating $2.2 Billion Tower Giant

By Kamile Bigenyte December 6, 2023

In a landmark move, Zain Group, Ooredoo, and TASC Towers Holding have officially inked a definitive agreement to merge their tower assets, forming a colossal entity valued at $2.2 billion. This strategic collaboration, originating from talks initiated in July, consolidates a combined total of 30,000 towers spanning Qatar, Kuwait, Algeria, Tunisia, Iraq, and Jordan, establishing the largest tower company in the Middle East and North Africa.

Telecom News

Ooredoo Oman’s Tower Infrastructure Sale: Impact on Telecoms Industry

By Rugile Bertule June 13, 2023

Ooredoo Oman initiates a tender for its tower infrastructure sale and leaseback, inviting top telecom firms to submit bids. This follows a global trend set by major operators like Vodafone, Deutsche Telekom, and Telefonica.

M&A

TAWAL and GLIC Merger: A Milestone in Saudi Arabia’s Telecom Vision

By Kamile Bigenyte April 23, 2024

A monumental step for Saudi Arabia’s Vision 2030 appears on the horizon as the Public Investment Fund and stc group plan to merge TAWAL and Golden Lattice Investment Company (GLIC). This partnership, expected to have a value of $5.85 billion and annual revenues near $1.3 billion, could be a game-changer in the telecommunications infrastructure domain.

Market Watch

Axiata Group Sells Myanmar Towers Amidst Challenging Conditions

By Kamile Bigenyte April 8, 2024

Axiata Group, a Malaysian telecommunications conglomerate, has announced the sale of its towers operations in Myanmar in a deal worth US$150 million with an undisclosed buyer. This decision reflects a growing trend among international telecom giants to exit Myanmar due to the country’s challenging economic and operational environment amidst ongoing civil conflict.

News Roundup

A quick roundup of the news in Telecoms | Week #1

By Kamile Bigenyte January 5, 2024

Ooredoo drives Qatar National Vision 2030 with a widespread fiber rollout, covering 99.9% of households, maintaining high service levels and introducing innovative technologies. Vodafone UK advocates for the implementation of 5G SA technology, citing its transformative impact on industries, such as renewable energy and agriculture. CableLabs has made strides in deploying 10G network in 2023, advancing DOCSIS 4.0 technology, issuing CPON architecture specifications, and accelerating FTTP adoption. Microsoft’s new Copilot key represents a groundbreaking addition to Windows keyboards, integrating AI seamlessly and signaling a significant shift after three decades.

M&A

Indosat’s Strategic Acquisition: Transforming Telecommunications in Indonesia

By Kamile Bigenyte November 29, 2023

Indosat Ooredoo Hutchison’s recent acquisition of MNC Play marks a strategic expansion into the fibre-to-the-home market, promising new options for customers and advancement in Indonesia’s digital transformation. Inclusion of MNC Play’s fibre optic network into the IOH portfolio fortifies their position in the market.