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Mobile firm Viva Kuwait full-year profit jumps six-fold

Reuters – Viva Kuwait reported a more than six-fold rise in annual profit on Monday as the mobile telecommunications operator increased its customer base by a third. The Saudi Telecom Co (STC) affiliate made a net profit of KWD 24.25m ($86m) in 2013, up from KWD 3.87m a year earlier, according to its website. Viva, which competes with Zain and …

Daily News Egypt

HP to invest over $1bn in open-source cloud computing

Reuters – Hewlett-Packard Co said it plans to invest more than $1bn over the next two years to develop and offer cloud-computing products and services. The company said it will make its OpenStack-based public cloud services available in 20 data centers over the next 18 months. OpenStack, a cloud computing project that HP co-founded, provides …

Daily News Egypt