France Telecom has offered to buy a majority stake in Egyptian telecom operator Mobinil from billionaire Naguib Sawiris in a deal that could cost as much as US$2 billion.
Ericsson saw Middle East sales increase by 12 per cent year-on-year, according to a senior official.
UAE service providers attracted nearly 614,000 new mobile phone users through the first 11 months of 2011, boosting the total number of subscribers to 11.54 million at the end of November.
A NCB Capital report on the Saudi telecom sector provides a cautiously optimistic view on Saudi telecom companies, as the sector has been providing good growth potential, particularly in the broadband segment.
Prince Alwaleed bin Talal's Kingdom Holding Company has announced that it has invested US$300mn in social media site Twitter.
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