Page 21 - SAMENA Trends - Gitex Special 2023

INTERVIEW SAMENA TRENDS

for significant growth in the coming years. currencies. The countries of its operations position as a driving force for innovation
He has seen a number of telcos following are characterised by regulatory stability, and progress.
and announcing similar plans. healthy competition, and highly attractive
returns, positioning them among the most Over the past six months, we have demon-
“Our ambition is clear—we want to be one promising in Europe. e& will consolidate strated a strong sense of resilience and
of the top 10 global companies in market more than 10 million subscribers from this adaptability. Our relentless focus on ex-
capitalisation not just within the telecom acquisition post-closing. cellence and innovation has allowed us
industry, but across all sectors,” he says. to thrive in the dynamic landscape of the
e&'s performance during the first half of We achieved remarkable progress in our telecommunications and technology sec-
the year reinforces the resilience of our strategic focus areas, supported by strong tors, maintaining our growth momentum.
business model despite the challenging performance in our core telecom business,
global macroeconomic environment. This increased demand for our innovative digital Our consolidated revenues during the first
was also the result of our teams' relentless services and solutions, and a commitment half of the year reached AED 26.6 billion,
efforts to remain committed to our vision to deliver cutting-edge solutions that with a year-over-year increase of 1.1 per
and drive sustainable growth, making a accelerate digital transformation in the cent. Consolidated net profit recorded
positive change in the societies we serve communities we serve. During the period, AED 4.7 billion while consolidated EBITDA
while adding value to our shareholders. we also made strategic investments and reached AED 12.8 billion, resulting in
fostered partnerships that will drive our an EBITDA margin of 48 per cent. This
The strategic expansion into Europe is growth in the coming years, pushing us positive performance has been driven by
the next step of our transformation into to seize new opportunities in the fast- our core businesses and our new business
a global technology group, offering e& evolving digital landscape. verticals, which have seen an increase in
multiple avenues to roll-out its leading demand domestically and internationally.
suite of B2B and B2C digital products in In line with the UAE leadership's vision,
the CEE with significant synergies. we are committed to continuing progress This growth was also fueled by harnessing
and development and enhancing our the power of our technological prowess,
The acquisition aligns with e&’s strategic confidence in the added value e& provides. leveraging our expertise to forge new
ambition to accelerate international We are resolute in our commitment to paths, disrupt industries, and transform
growth and diversify geographically. This spare no effort in delivering cutting-edge the way we do business on a global scale.
represents an unparalleled opportunity technologies and world-class services Our commitment to pushing boundaries
to establish a strong presence and that will not only shape the digital future and embracing change has positioned us
foster development within the dynamic but also turn the vision of sustainable as a true trailblazer in the digital era.
CEE region. The PPF Telecom portfolio, socio-economic growth into a tangible
spanning four countries, exhibits a well- reality. With the utmost dedication, we aim Our success has been driven by the
balanced structure, underpinned by robust to play an instrumental role in fostering a combination of our innovative, customer-
macroeconomic fundamentals and stable knowledge-based economy, cementing our centric strategies and the unwavering
dedication of our teams, along with our
In line with the UAE leadership's vision, we are investment in world-leading infrastructure
committed to continuing progress and development and cutting-edge technologies that
consistently serve as the foundation of our
and enhancing our confidence in the added value e& achievements.
provides. We are resolute in our commitment to spare With its commitment to creating a vibrant,
no effort in delivering cutting-edge technologies and connected future where opportunities are

world-class services that will not only shape the boundless and technology is a force for
positive change, e& is poised to shape the
digital future but also turn the vision of sustainable world of tomorrow. As it continues to stand
socio-economic growth into a tangible reality. at the forefront of digital transformation
is
the
company
innovation,
and
undoubtedly one to watch.

21 GITEX SPECIAL 2023