Page 21 - SAMENA Trends - February 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Etisalat Group‘s Consolidated Net Profit Grows

to AED 8.7 Billion (US$2.37 Billion)

Etisalat Group announced its consolidated 5G Stand Alone network Digital Authority (ADDA) to launch Scale
financial statements for the 12 months • Etisalat introduces Multi-Access Edge AD (Abu Dhabi) innovation program
ending December 31 2019. Computing architecture delivering best- • Etisalat launches UAE’s first cloud
2019 Financial Highlights and Key in-class video streaming performance gaming service
Developments for 5G networks • Etisalat opens ‘Smiles UAE’ application
• Aggregate subscriber base reached • Etisalat deploys 5G network at the tallest to all residents and visitors in the UAE
149 million, representing Year over Year building in the world ‘Burj Khalifa’, Abu • Etisalat unveiled Robotic Centre
increase of 6%. Dhabi’s new international airport and of Excellence to deliver automated
• Twelve month consolidated revenues ‘Etisalat Metro Station’ solutions for greater customer
reached to AED 52.2 billion, while • Etisalat Digital and Dubai Multi satisfaction
consolidated net profit after Federal Commodities Centre (DMCC) partner Chairman’s Statement:
Royalty for the twelve month amounted to transform Dubai’s Jumeirah Lakes H.E. Obaid Humaid Al Tayer, Chairman,
to AED 8.7 billion an increase of 1% Towers (JLT) enabling the roll out of Etisalat Group, said: “As we begin our
compared to same period last year. smart devices, services and platforms journey into the next decade, 2019 was
• Consolidated EBITDA amounted to AED to drive efficiencies across public a testimony to Etisalat Group leadership
26.4 billion, representing an increase amenities, energy consumption, asset locally, regionally and internationally.
of 2% year over year and resulting in and building management. Etisalat continued reinforcing its
EBITDA margin of 51%. • Etisalat partners with Microsoft to core business, explore new growth
• Proposed dividend payout of 40 fils provide public/private entities, large, opportunities, while transitioning to the
per share for the second half of 2019, small and medium enterprises with digital era and being well geared for the
representing a total dividend payout of state of the art digital transformative future. Etisalat Group has led the digital
80 fils for the full year and a dividend solutions transformation by proactively responding
payout ratio of 80% • Etisalat launches e-Wallet, the new to technological advancements and
• Credit Ratings by agencies S & P Global mobile digital payment service in bringing the latest global innovations to
and Moodys affirmed Etisalat Group’s collaboration with Noor Bank nurture creativity. It has become clear that
high credit rating at AA-/Aa3 • Etisalat Digital teams up with Abu Dhabi the paradigm shift in the telecom industry
• Etisalat named ‘The Most Valuable
Consumer Brand’ and ‘The Most
Valuable Telecom Brand’ in MEA region
in 2019 by Brand Finance
• Etisalat network ranked as the fastest
mobile network in MENA and fastest
fixed broadband network in GCC, Africa
and Arabian region
• UAE ranked as no. 1 in Fiber Optic
Network deployment for the third year
in a row
• UAE ranked 2nd globally in mobile
broadband speed in December ‘19
• Maroc Telecom completes the
acquisition of Tigo Chad
• Commercial launch of 4G in Burkina
Faso and 3G network in Central African
Republic
• Etisalat announces the First End-
to-End 5G Stand-Alone Technology
implementation in MENA Region
• Etisalat sets global milestone with over
3.1Gbps download throughput over its

21 FEBRUARY 2020