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MSE:DHIRAAGU 16 April 2025

Maldives’ Internet Revolution: From Remote Atolls to a 5G-Powered Paradise

Maldives’ Internet Revolution: From Remote Atolls to a 5G-Powered Paradise

SEA-ME-WE 6 submarine cable landed in the Maldives in August 2024, adding 100 Tbps capacity and set to go live by early 2026. Dhiraagu and Ooredoo dominate the telecom market, with Dhiraagu posting MVR 2.8 billion revenue in 2019. Starlink became the fourth ISP in August 2023, offering satellite broadband at up to 200 Mbps. Dhiraagu plans 100% fiber coverage of inhabited islands by January 2025.

Stock Market Today

  • Scotia Capital Highlights Canadian Energy Stocks Amid Oil Price Uncertainty
    March 20, 2026, 6:19 PM EDT. Scotia Capital Markets analysts led by Kevin Fisk advise investors to focus on Canadian energy stocks with above-average yields amid uncertain oil and natural gas prices. Their list includes Cenovus Energy, Whitecap Resources, and Ovintin Inc. for oil, priced conservatively around US$71 per barrel compared to West Texas Intermediate's actual US$95 level. On the defensive side, Freehold Royalties and PrairieSky Royalty are favored. In natural gas, top picks are Topaz Energy, Spartan Delta, Peyto Exploration, and Expand Energy, each noted for strong margin profiles or growth potential. Vermilion Energy offers access to the European gas market, adding geographic diversity. Scotia's picks aim to balance upside potential and risk amid volatile commodity markets.
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