Mobily Raises Funds to Expand Saudi WiMAX Network

Saudi Arabia's Etihad Etisalat (Mobily) has raised SAR 900 million (US$240 million) from SABB bank as a medium term financing to support the capital expenditure of its subsidiary Bayanat Al-Oula.

In a statement released on Wednesday, Mobily said the 66-month financing has been arranged on clean and unsecured basis on Bayanat's Balance sheet.

Read full article...

Comments

Stock Market Infographic: July 29, 2025 Jul 30, 7:58 AM

Market Performance Analysis - July 29, 2025 Market Performance Analysis July 29, 2025 Nifty 50 Daily Snapshot Closing Value 24,821.10 Gain/Loss +140.2 (+0.57%) Intraday Swing 248.55 Points Market Breadth The broad-based market rally is evident with nearly twice as many stocks advancing as declining, signaling strong investor confidence across the board. ...

Eran Gorev to Join Alvarion® as president and Chief Executive Officer

Tel Aviv, Israel, September 2, 2009 — Alvarion Ltd. (NASDAQ:ALVR), the world’s leading provider of WiMAX™ and wireless broadband solutions, today announced that its Board of Directors has named Eran Gorev to succeed Tzvika Friedman as president and Chief Executive Officer. The transition will take place during the fourth quarter, with Mr. Gorev assuming full day-to-day responsibility in December. “We are pleased to welcome this highly-regarded executive to the company,” said Anthony Maher, Chairman. “Eran Gorev brings an impressive track record of success in world-class organizations including NICE Systems, Amdocs, and Digital Equipment Corporation. His global experience, particularly in customer-facing roles with Tier 1 carriers, leading enterprises and governments, and strong corporate leadership skills are ideally suited to build on the achievements of Tzvika and the entire Alvarion team.”

Qualcomm Takes Lead as 4G Patent Holder

Qualcomm looks set to be the leading patent holder in 4G wireless communications after recording 24% of ETSI declarations surrounding LTE, as well as 16% of the 26,000 patents that have potential relevance to 4G technologies generally, including WiMAX. Other notable players in the LTE field include Interdigital (18%), Huawei (10%), LG (9%), Nokia (9%) and Samsung (7%). When considering the whole 4G environment Samsung takes second spot with 12% of all patent filings, and Nokia takes third with 6%. Stuart Carlaw, chief research officer at ABI Research, comments, “Innovation in this space continues unabated. Given that these declarations reflect work completed 18 months ago, it is very feasible that this landscape could shift again during the coming two years as we see the 4G market ramp up.” He goes on to add that, “We see no major reason why the licensing situation in 4G will be significantly different from that for 3G. There is still a big list of ‘haves’ but also a large list of ‘...

Beyond 4G

Search This Blog