Telecoms & IT
Syria faced last week a 24-hour internet and mobile communications blackout attributed by the government to faulty cables.
A new case of sanction-breaching delivery of technology equipment to the Syrian authorities has been revealed by the New York Times.
Rami Makhlouf has resigned from the board of Syriatel, the company he founded and that came to symbolize in the last decade his role as Syria’s most powerful businessman.
Revenues and profits rose marginally last year at Syriatel, one of Syria’s two mobile phone operators.
A Dubai IT firm has accepted to pay a fine over its alleged sale of banned monitoring equipment to the Syrian authorities, according to Reuters.
Profits halved last year at MTN-Syria, one of Syria’s two mobile phone operators, over rising expenses.
Syriatel has announced that its largest shareholder, Rami Makhlouf, was giving up his shares in the company to a new entity dedicated to humanitarian and developmental projects, although Mr Makhlouf owns the majority of the shares of that new entity.
Syria’s telecommunications sector has lost some SYP 1.5 billion from the ongoing conflict in the country, according to a government official.
Internet and phone communications resumed on Saturday 01 December, two days after Syria went through an almost total blackout that remains unexplained to this date.
Hewlett-Packard was forced to deny last week that it had made any direct sale of its products to Syria, following a request for clarification sent by the Securities and Exchange Commission, America’s financial markets regulator.
Revenues and profits continued to increase at Syriatel in the first nine months of this year.
MTN-Syria managed to maintain a solid level of activity with revenues rising on an annual basis in the first three quarters of the year.
Syriatel remained Syria’s largest mobile phone operator in the first half of this year as the company posted an increase in revenues and profits in spite of adverse business and security environments.
Revenues continued to rise as profits fell at MTN-Syria, the Syrian subsidiary of the South African telecommunications group.
Syria’s telecommunication and information technology indicators improved last year according to recently released statistics.
City View 2011 - Aleppo
Sheraton Hotel Aleppo
2nd International Finance Markets Investment Forum 2011
Sheraton Hotel Aleppo