AME Info, Abu Dhabi, United Arab Emirates, telecommunications briefs [AME Info, Abu Dhabi, United Arab Emirates]
(AME Info (Abu Dhabi, United Arab Emirates) Via Acquire Media NewsEdge) Feb. 21--DU SEES POSSIBLE REGIONAL EXPANSION AFTER TWO YEARS: UAE telecoms firm Du has said it's dropping plans to expand into Saudi Arabia because it would need to find a partner, Reuters has reported. The Dubai-based firm did not meet the criteria to bid for one of three mobile virtual network operator (MVNO) licences for sale in Saudi Arabia, said Du chief executive, Osman Sultan. "We wouldn't qualify directly [and] going there through some kind of partnership would make the financial equation less interesting," Sultan told reporters. "I don't see us going into regional expansion at least in the coming two years in the traditional way, which is new licences."
QATAR MOBILE PENETRATION REACHED 170 percent IN Q3 2012: The number of mobile subscribers in Qatar rose 2.6 percent on a quarter-on-quarter basis in the third quarter of 2012, the Peninsula has reported. The Gulf country's total mobile subscriber base has breached the three million mark, leading to a mobile penetration rate of around 170 percent, the report said.
NOKIA TO ESTABLISH A TESTING FACILITY IN SAUDI ARABIA: Finnish phone maker Nokia has announced plans to establish a testing laboratory in Saudi Arabia to train software developers, Arab News has reported. "The proposed laboratory will be set up in the Al-Yamamah University in Riyadh where it has a separate centre for Microsoft innovation," said Jussi Hinkkanen, vice president of corporate relations for Nokia Middle East and Africa. The proposed facility is part of efforts by Nokia to boost capacity building among its dealers and software developers in the kingdom and in the region, he said.
NAWRAS SECURES $51.95M CREDIT FACILITY: The Omani unit of Qtel, Nawras has announced the signing of two bilateral revolving credit-facility agreements totalling OR20m ($51.95m) with HSBC Bank Oman and Qatar National Bank, Muscat Daily has reported. The new agreements are in addition to a OR70m credit facility the company signed with a banking consortium in January. The agreement will help boost the company's capital expenditure and working capital requirements, said Jorgen Latte, chief financial officer of Nawras. "The funds will partially finance the continuation of the Nawras network turbocharging programme which is delivering increased speed, greater capacity and wider coverage to give customers a more rewarding experience."
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