Etisalat Group, one of the world’s leading telecommunications groups in emerging markets, has captured significant market share as it expands across Africa, Asia and the Middle-East.
Most notably, the expansion has taken place in Egypt, Nigeria and Saudi-Arabia, among others, where the introduction of innovative mobile broadband services has changed market dynamics and provided affordable mobile internet access for millions of people.
The Group, which is aspiring to be the most admired telecom group, strives to consistently foster innovation and deliver first-in-market technologies wherever it operates.
The Senior Vice-President, Corporate Communications of Etisalat, Mr Ahmed Bin Ali, who was briefing African journalists in Dubai at the invitation of the Dubai Chamber of Commerce recently, said this was evidenced by its expeditionary trials of 5G services in the UAE, the first ever in the region.
He said this included coordinating the development, design and deployment of future Information and Communications Technology (ICT) platforms for fifth generation mobile broadband.
With its headquarters in Abu Dhabi and established almost four decades ago in the United Arab Emirates (UAE) as the country’s first telecommunications service provider, Etisalat provides innovative solutions and services to 168 million subscribers in 19 countries across the Middle-East, Asia and Africa.
He said Abu Dhabi was the first capital in the world to be fully connected and had the highest speed fibre optic on the planet. Market Capitalisation.
Mr Ali disclosed that Etisalat’s current market capitalisation was 96.8 billion United Arab Emirates (AED) Dirham which is equivalent to US$26.4billion.
The Group, which ranks among the most profitable telecoms group in the world, has reported net revenues of AED48.8billion and net profit of AED8.9billion for 2014, he noted. Etisalat’s Mission.
The Senior Vice-President said the Group sought to provide a best-in-class total customer experience domestically and internationally, deliver attractive returns to shareholders, while investing in the long-term future of the company and supporting economic development in all markets they operated.
Source: Graphic