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MTN to withdraw from Middle East, will focus on Africa
2020-08-07 02:00:00| Total Telecom industry news
MTN is set to gradually retreat from its Middle Eastern businesses, said CEO Rob Shuter on a conference call yesterday. Instead, MTN will focus its efforts back on its home continent of Africa. MTN’s time in the Middle East, where it operates in Iran, Yemen, and Syria has been a troubled experience over the past 15 years…read more on TotalTele.com »
Tags: east
middle
focus
africa
MTN Group revenue rises 9% in H1, announces plans to exit Middle East
2020-08-06 09:20:00| Telecompaper Headlines
(Telecompaper) MTN Group reported service revenue growth of 9.4 percent to ZAR 80 billion in the first six months to 30 June, and EBITDA up 10.9 percent year-on-year to ZAR 42 billion, as efficiency initiatives drove improvement in margins. The South Africa-based mobile operator also said it plans to exit the Middle East over the medium term to focus on Africa and is in advanced talks to sell its majority stake in MTN Syria.
E&P World View: US Service Firms Eye Middle East Markets amid Bleak Shale Outlook
2020-07-02 15:30:00| OGI
Major oilfield service companies agree that the Middle Eastern region will be less severely impacted by the downturn compared to other regions.
Weatherford Production Software Boosts Revenue by $156 Million for Middle East Operator
2020-06-25 15:27:00| OGI
Weatherford International Plc said June 24 its production optimization software platform increased production by nearly 6,000 barrels per day (bbl/d), boosting revenue by $156 million over three years for a Middle East operator.
Tags: software
east
middle
production
Fugro Completes Middle Easts First Uncrewed Geophysical Route Survey
2020-06-24 15:43:02| OGI
In response to increasing demand for remote offshore services, Fugro has completed the Middle Easts first fully autonomous geophysical shallow-water route survey on June 23.
Tags: middle
survey
route
completes
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