Telecoms news from Palestinian Territory

Palestine's Paltel Plans $50 Million Investment in 2013

Palestine's Paltel has said that it will invest around US$50 million in its landline and mobile networks this year. ...more.

PalTel Profits Down 12% on Weak Economy and Political Problems

PalTel, the dominant telecoms network in the Palestinian Territories has reported a 12 percent decline in its profits for the first nine-months of this year, which it put down to the local economic situation as well as reduced donor funding and political problems. ...more.

PalTel Profits Down on Flat Revenues on Tax and Currency Issues

Palestine Telecommunications (PalTel) has announced that its first-half revenues were essentially flat, up by 0.3% to reach US$258 million. ...more.

Wataniya Mobile Palestine Secures Funding to Expand Network in Gaza

Wataniya Mobile Palestine has secured a US$125 million financing package to aid in making mobile services more accessible and affordable in the West Bank and Gaza. ...more.

Palestine Telecommunications Full Year Revenues up by Nearly 10%

Palestine Telecommunications (PalTel) has reported that its full year revenues for 2011 rose by 9.4% to reach US$522 million. Net income was also up, by 5.1% to 128 million. ...more.

Wataniya Mobile Wants Gaza Launch in 2012

Palestinian mobile network, Wataniya Mobile wants to expand its network out of the West Bank and into Gaza next year, but says that it is being hampered by difficulties in securing radio spectrum from Israel. ...more.

Telecoms Services Disrupted in Gaza Strip

Telecommunications services in the Palestinian Territories has been restored following a shut-down that took out most of the country's phone lines, mobile and landline. ...more.

PalTel Revenues Rise on Mobile Subscriber Growth

Palestine Telecommunications Company (PalTel) has reported that its first-half revenues rose by 11% to reach US$257 million, while net profit rose by 16.3% to reach US$91 million. ...more.

Wataniya Mobile to Expand Network into Gaza Strip

Palestinian mobile network, Wataniya says that it aims to expand its network from the West Bank to the Gaza Strip from the beginning of next year, subject to being granted the necessary radio spectrum. ...more.

Wataniya Telecom Revenues Jump 35% - Profits Surge on Tunisiana Acquisition

Kuwait based Wataniya Telecom has reported its first quarter profits jumped to US$1.03 billion compared to US$58.7 million a year ago. ...more.

Palestine Telecom Profits Jump 22.8%

Palestinian telco network, PalTel has reported that its full-year revenues for 2010 rose by 7.88% to US$479 million, while it also saw a 22.75% rise in net profits to US$122 million. ...more.

World Bank Subsidiary Invests in Palestinian Mobile Network

IFC, a member of the World Bank Group, has announced an equity investment of US$3 million in the first public share offering from Wataniya Palestine, West Bank and Gaza's second mobile phone operator. ...more.

Israeli Tech Firms Outsourcing to Palestinians

Seeing opportunity close to home, Israeli high-tech companies outsource to West Bank ...more.

Wataniya Palestine Share Offering Oversubscribed

Palestinian mobile network operator, Wataniya Palestine's initial public offering (IPO) was oversubscribed 1.5 times, showing good demand from retail investors, ...more.

Wataniya Mobile to List 15% of Shares on Palestine Stock Exchange

The Palestinian Territories second mobile network, Wataniya Mobile has announced the details of the expected stock market floatation - and will be listing 15 percent of its shares on the Palestine Exchange. ...more.

PalTel Profits Dip on One-Off Costs

The Palestine Telecommunications Company (PalTel) has reported an 8.84% growth in revenues to reach US$356 million, although net profit declined by 9.6% to US$92 million due to exceptional items. ...more.

Wataniya Palestine Planning IPO Next Month

Wataniya Palestine is reported to be preparing to launch a stock market flotation next month, one year after the company's oft-delayed launch in the Palestinian Territories. ...more.

Ericsson Wins Palestine Network Expansion Contract

Palestinian mobile network, Jawwal says that it has signed a US$15 million network expansion contract with Ericsson. ...more.

Palestinian Mobile Networks Losing $120 Million Annually to Israeli Companies

Palestinian mobile networks are losing US$120 million per year due to unlicensed competition from neighbouring Israeli networks leaking their networks across the border between the two administrations. ...more.

Zain and UN Sign Agreements to Support Palestine Refugees

Zain Group and Zain Jordan have signed two cooperative agreements with UNRWA to support and finance the agency's health and educational projects and extend a helping hand to around 5 million Palestinian refugees in the Middle East. ...more.