Page 18 - SAMENA Trends - June-August 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

over the mobile network.” stc is playing a leaders to be in alignment with their panel was Kaan Terzioglu, Co-COO, VEON,
big role in the digitalization of KSA, in line objective and goals the public sector,” H.E. Ahmad Hanandeh Minister of Digital
with the Saudi National Vision 2030, the said Alwetaid during the discussion. “For Economy and Entrepreneurship, Jordan,
aim of which is to make the Kingdom an this to happen and lead to a green digital Alix Jagueneau Head of External Affairs &
industrial powerhouse. stc is also fully in recovery, the government should establish Industry Purpose, GSMA, Laura Fernandez
support of the Saudi Green initiative - the a framework of investment incentives Cavas Climate Change and Sustainable
world’s largest afforestation project with including financial support for R&D and Finance Expert, Telefonica, Maria-
an aim to plant 50 billion trees, including scale up. For its part, the private sector Francesca Spatolisano, Officer-in-Charge,
10 billion in Saudi Arabia. “The government must step up and leverage this opportunity Office of the UN Secretary-General’s
has set a clear strategic vision with broad with an eye to the future. Also speaking Envoy on Technology and H.E. Dr Amani
goals and it’s important for private sector on the Green Agenda: We Act For Impact Abou-Zeid Commissioner, African Union.

Etisalat Group Reports AED 4.7 Billion

Consolidated Net Profits for H1 2021

Etisalat Group announced its consolidated • Etisalat launched the region’s first • Etisalat partnered with Aruba to
financial results for H1 ending 30th June online Mobile Service Centre, offering offer managed Wi-Fi and networking
2021. H1 2021 Financial Highlights and real-time visibility and control over solutions.
Key Developments: business customers’ mobile usage. • Etisalat collaborated with Cisco to
• Etisalat Group subscriber base reached • Etisalat collaborated with Smart Dubai simplify Emirates Internet Exchange
156.1 million Subscribers. to provide cyber security services to (EMIX) operations by building the
• Consolidated revenues amounted to AED Dubai government entities. region’s first open and autonomous and
26.4 billion representing YoY increase • Etisalat joins programme led by Khalifa secured network.
of 3.2 percent while consolidated net Fund for Small & Medium Enterprise • Etisalat launched the Smiles’ food order
profit after Federal Royalty amounted to Development. and delivery service in the UAE.
AED 4.7 billion representing a year over • Etisalat Misr completed the first VoLTE • Smiles partnered with Mohammed Bin
year increase of 3.9% and resulting in a call using Virtual IMS technology. Rashid Al Maktoum Global Initiatives
net profit margin of 18%. • Etisalat Misr signed an agreement with (MBRGI) to support the global ‘100
• Consolidated EBITDA reached AED 13.4 Canal Sugar Company, the first of its Million Meals’ humanitarian campaign.
billion resulting in EBITDA margin of kind in the agricultural sector to digitally • As part of its commitment to support
51%. transform their financial transactions. and empower People of Determination
• Board approval of interim dividend for • PTCL starts transformation of its IP Etisalat partnered with Ministry of
H1 2021 of 40 fils per share. Edge & Optical Transport Network. Community Development to launch a
• Credit Ratings agencies S&P Global and • UAE Trade Connect (UTC)’s digital trade web extension to make accessing the
Moodys affirmed Etisalat Group’s high platform went live with seven banks. web autistic friendly.
credit rating at AA-/Aa3 with stable • E-Vision launched the Television
outlook. Audience Measurement (TAM) to H.E. Jassem Mohamed Alzaabi, Chairman
• Etisalat successfully completed a identify viewership trends from eLife TV. of Etisalat Group, stated: “Etisalat
bonds issuance worth one billion Euros • Digital Financial Services partnered with continued to demonstrate strong
to refinance the maturing Euro bond Lulu Group International and Al Futtaim performance showcasing growth across
tranche. to enable secure and contactless its operations for the first half of the year,
• Etisalat crowned strongest brand in the payments. thanks to our continuous efforts and focus
MEA region across all categories.
• Etisalat recognised as world’s fastest
mobile network by Ookla.
• Etisalat forays into 6G-the next
generation of the mobile network by
conducting research and developing
international standards.
• Etisalat expands its SmartHub footprint
with a third location opening in Kalba
complete with a state-of-art Tier 3 data
centre facility.

18 JUN-AUG 2021