The potential deal comes as Oger Telecom, Turk Telekom’s biggest shareholder, faces increasing pressure from creditor banks after missing debt repayments of $290 million in both September and March on a $4.75 billion loan.
News, Telecoms
UAE’s Etisalat plans $2 billion buyback
UAE-based telco Etisalat’s shares climbed after it said that it’s planning to buy back stock valued at as much as $2 billion, according to Bloomberg.0 2939
Private data exchange to outpace public internet: study
The latest figures are recorded in the Global Interconnection Index, a new market study published by Equinix that analysed the adoption profile of thousands of carrier-neutral colocation data centre providers and ecosystem participants globally.
TRA, Creative 971 sign MoU to enhance e-commerce in UAE
According to the agreement, ‘Creative 971’ will enhance and develop the e-commerce sector in the UAE through awareness programmes for start-ups, small and medium businesses.
ADGM, UAE Exchange join forces to enhance fintech ecosystem
The partnership will see UAE Exchange collaborate with FinTech participants under ADGM’s Regulatory Laboratory, RegLab, to develop and deploy promising FinTech solutions in the remittance, foreign exchange and payments space.
Telcos are willing to pay more for 5G: Gartner
The survey found that almost half the respondents intend to use 5G to access videos and fixed wireless capabilities. More interestingly, though, the majority of respondents (57 percent) believe that their organisation’s main intention is to use 5G to drive Internet of Things (IoT) communication.
Abu Dhabi Investment Group acquires FP Telecommunications
ABDIG is planning to invest up to $5 billion in subsea cable projects and will restructure FPT to become a top tier worldwide subsea cable company.
Google fires engineer behind gender inequality memo
The engineer, James Damore, confirmed his dismissal, saying in an email to Reuters that he had been fired for “perpetuating gender stereotypes”.
Smart Dubai launches Dubai Now app donation option
The Smart Dubai Office (SDO) has launched a new online initiative to mark the Year of Giving 2017, issued by …
DHA unveils paperless robotic dispenser at smart pharmacy
The robot can store up to 35,000 medicines and dispenses around 12 prescriptions in less than one minute.
Mobile tech helps transfer cash to afflicted rural Iraq
The Food and Agriculture Organisation of the United Nations has launched a cash-for-work programme aimed at rehabilitating agricultural infrastructure and …