This distinguished event serves as a platform to acknowledge remarkable contributions and innovative brilliance within the healthcare sector
kt network1 hour ago
Ismael Jaroudi, CEO, Areeba Syria, said that the merger marked an important landmark for Syrian businesses on the one hand, and the Syrian telecom sector on the other. "The desire to further advance cellular communication in Syria and the Syrian government's commitment to encourage investments in the country inspired the merger move. This development will help meet the soaring demand in Syria for advanced telecommunications facilities," he added.
For MTN, this is the 9th biggest merger-ownership deal in the last 15 years. As the telecommunications industry is witnessing a phenomenal growth across the globe, the merger between the two companies is important for the Syrian market in particular and the regional market in general. It will further accelerate the growth of the industry in the region.
Jaroudi went on to state that "the merger brings together two companies that will integrate their strengths, culture and vision to generate growth. This merger and its presence in 21 countries in Africa and Asia will further enable MTN it to enter other important markets. The confidence inspired by Areeba's subscribers and MTN's expertise and immense human resources will bring a new era in telecommunications in Syria."
Economic analysts and experts in the telecommunications sector expect that the merger would stir stronger competition in the markets where MTN and Investcom are currently present. The deal represents a successful horizontal merger between two groups, leading to further expansion geographically and in services.
This distinguished event serves as a platform to acknowledge remarkable contributions and innovative brilliance within the healthcare sector
kt network1 hour ago
The tennis tournament in Paris Olympics takes place at Roland Garros where Nadal has won a record 14 French Open singles titles
tennis1 hour ago
The National Emergency Crisis and Disaster Management Authority on Monday announced its preparedness for the unstable weather conditions
uae1 hour ago
Al Ain, which beat Saudi giants Al Hilal and Al Nassr, will will face Yokohama F Marinos in the final
football1 hour ago
DIFC has helped position Dubai as the top city in the Middle East, Africa and South Asia region
business2 hours ago
The Abu Dhabi-based bank continues to maintain strong liquidity and robust operational efficiencies
business2 hours ago
The showpiece 20-over event will be co-hosted by the West Indies and the United States in June with New York, Florida and Dallas as venues
cricket2 hours ago
Robotic-assisted surgery offers minimal side effects, allowing the 50-year-old patient to attend his office after two weeks of surgery
kt network3 hours ago