Media ININ Economy We Trust
Media In + WAM / Abu Dhabi
Etisalat said it achieved consolidated revenues of AED 39.4 billion for the nine months ended 30 September 2018, a growth of 3 per cent over the same period in 2017. Net consolidated profit after the federal franchise was AED 6.6 billion, While Etisalat’s total subscribers reached 144 million, a growth of 3% compared to last year.
The Group announced today its consolidated financial results for the three months ended 30 September 2018 which showed a consolidated revenue of AED 13.2 billion in the third quarter of 2018, an increase of 2% over the same period last year. The total value of the UAE franchise is AED 2.3 billion during the third quarter of 2018, with a net profit margin of 17%. Etisalat subscribers in the UAE have 12.5 million subscribers, Etisalat has 144 million subscribers, an annual increase of 3%.
Etisalat Group has obtained the approval of the Securities and Commodities Authority for the company’s repurchase program. Its board of directors recommended lifting the restrictions on the voting rights of foreign shareholders. Etisalat Misr and Telecom Egypt signed a memorandum of understanding to provide fixed voice services.
Etisalat Egypt has launched its first Voicemail / VoLTE service, with Expo 2020 Dubai being the first major business in the Middle East, Africa and South Asia to use Etisalat’s fifth generation network.
Etisalat launched the “Future Now” initiative, which includes four main themes: the startup program, the development lab, the advanced innovation center and the IoT platform. Microsoft and Etisalat introduced the first mobile payment for Xbox products and services Once again in the region. Etisalat also provided iPhone XS, iPhone XS Max and Apple Watch Series 4 in the UAE.
Etisalat also announced its support for the UAE Paralympic Committee to participate in the 2018 Asian Games in Indonesia, while the Voice Invoice service was launched for free blind owners as well as the “Annual Data Extra Package” for the first time in the UAE.
Commenting on the results, Eng. Saleh Abdulla Al Abdooli, CEO of Etisalat Group commented: “Etisalat continues its strong performance during the third quarter of this year thanks to the exceptional efforts it has made to enable the digital service system across all its operations. “We are on the verge of a new era of digital capabilities that will bring about a quantum leap in all sectors and enrich the wider community.” In this context, Etisalat’s Complete readiness and readiness for Ed Rh and keep up with the ambitions and aspirations of current and future customers.
Al Abdooli said that while Etisalat Group is focused on maintaining its business momentum and maximizing the added value of both customers and shareholders, it has continued to innovate smart solutions and support the advanced digital system to drive growth, pave the way for the digital future and lead the fifth generation revolution. .
“Etisalat is moving forward confidently and steadily towards tomorrow by enriching all the communities it serves, with an emphasis on continuing to invest in smart services and innovative future technologies, as well as capture opportunities to boost revenue and enhance overall customer experience.”
“We thank the UAE’s wise leadership for the strategic vision that has placed the country in the ranks of the most advanced countries in the adoption of digital services, which has inspired us to enhance our network capabilities and provide advanced services.” He thanked the customers and shareholders for their great confidence. Which prompted Etisalat Group to continue its progress and success.
