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Only 61% of companies believe their last acquisitions create value: study

A PwC and Mergermarket study of 600 global senior corporate executives has found that only 61%* of buyers believe their last acquisition created value. However, acquirers who prioritise value creation from the onset of the deal outperform their industry benchmark by 14% on average, 24 months after completion. While divestors who prioritise value creation, can …

Daily News Egypt

Edita’s revenues hike by 24.1% in 2018

Edita Food Industries delivered a strong 24.1% increase in 2018’s revenues to EGP 3.8 bn, in comparison with 2017, as volumes continue to grow along with improved profitability, a statement of the company said, adding that the net profit for 2018 was up by 43.3% to reach EGP 303.7m. “Edita’s strong performance for the year …

Daily News Egypt

Ericsson, STC Solutions announce sales channel partnership

Ericsson and STC Solutions, a subsidiary of the Saudi Telecom Company, have signed a sales channel partnership agreement to allow STCS to resell Ericsson hardware, software, post-warranty, and training across networks, digital services, managed services, as well as emerging business and technology business units to end users – including STC subsidiaries, such as VIVA Kuwait …

Daily News Egypt

Stella McCartney introduces sustainable eyewear

As a lifelong vegetarian and a conscious designer, Stella McCartney is notorious for advocating ethical fashion. From being one of the earliest designers to ban real fur and leather, to her constant strive to embrace the latest technologies, McCartney is credited with making the fashion industry environment friendly. With that said, the designer recently decided …

Daily News Egypt

Etisalat UAE selects Ericsson for 5G network expansion

Ericsson has been selected by Etisalat to deploy a 5G radio network in UAE. The network will become operational in the first quarter (Q1) of 2019, enabling Etisalat to continue the expansion of the 5G network in the UAE, and position the Gulf state at the forefront of 5G network deployment globally. The deal is …

Daily News Egypt

Military Production Ministry cooperates with RKD in waste recycling

The Ministry of Military Production has agreed with the Recycling Kontor Dual Company (RKD) to cooperate in the field of waste management and the recycling system. The German company would propose a scheme for bilateral cooperation and development of waste recycling factories within two weeks. It came during a meeting between the Minister of Military …

Daily News Egypt

Etisalat partners with Huawei to deploy 5G network

Etisalat and Huawei announced on Monday during the Mobile World Congress a strategic partnership to deploy end-to-end 5G network in UAE in 2019. This partnership is in line with Etisalat’s continuous efforts to enhance its digital experience and provide innovative solutions and services to its customers with the utilisation of its 5G network. Etisalat will …

Daily News Egypt

STC, Ericsson launch 5G network in Saudi Arabia

The Saudi Telecom Company (STC) and Ericsson announced that they are launching a mid-band 5G network in Saudi Arabia during the Mobile World Congress 2019 in Barcelona. The STC is deploying a 5G network using Ericsson commercial hardware and solutions, including radio access network (RAN), packet core, transport, and Ericsson Network Manager. This network modernisation …

Daily News Egypt

Etisalat Misr, Ericsson prepare for 5G with two partnership agreements

Ericsson announced the signing of two new contracts with Etisalat Misr to expand the latter’s 4G network capabilities and extend the Managed Services deal. These contracts are part of Etisalat and Ericsson’s strategic partnership to ensure the best network availability in Egypt. The first agreement entails expansion of current 4G capabilities, advanced features deployment all …

Daily News Egypt