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INFRASTRUCTURE

ETISALAT

Since its foundation, Etisalat has been investing in infrastructure providing fixed-line telephony, fixed and wireless secure internet access and mobile coverage to the UAE. By late 2007, the corporation had more than 6.3 million customers on its mobile phone network, 1 million active users of 3.5G and 3G data services. 1.3 million subscribers to the fixed line network, 800,000 subscribers and over 2.5 million internet users. When du’s 1 million mobile customers are included, the telecom sector’s penetration rate is the highest in the region, and comparable to the highest in the world.

The corporation announced strong results for the nine-month period, posting a 30 per cent jump in consolidated revenues to reach Dh15.38 billion. Etisalat's net profit for the period stood at Dh5.534 billion. Net assets increased in value by 21 per cent in the period, reaching Dh25.828 billion by the end of September. Capital expenditure was Dh2,28 billion during this period.

Etisalat provides fixed-line telephony, fixed and wireless secure internet access and mobile coverage to the UAE. By late 2007, the corporation had more than 6.3 million customers on its mobile network.

Etisalat has also established a significant geographical footprint stretching from West Africa to Pakistan, signing management contracts and obtaining significant stakes in telecommunications operators in numerous countries. The Etisalat brand was taken to Egypt in 2007 with Etisalat Misr launched on 1 May 2007 and Etisalat Afghanistan commencing operations later in the year. In September 2007 it announced plans for a point of presence in Singapore, its first in east Asia and sixth worldwide.

Middle East Magazine ranked Etisalat as the largest company in the UAE and fourth largest in the Middle East based on financial performance and capital growth, and the Financial Times continues to place Etisalat in the leading 500 companies in the world. It was also ranked as the sixth best performing Arab company by Forbes Arabia magazine for 2006 from amongst over 1600 Arab joint stock companies in various sectors.

Etisalat's latest awards include ‘Customer Service Provider of the Year 2006’ and overall ‘Service Provider of the Year 2006’ in the Middle East and Africa by Comms MEA magazine. Arabian Business has also awarded Etisalat for its contribution to the local community with a special award for corporate social responsibility in 2006.

Middle East Magazine ranked Etisalat as the largest company in the UAE and fourth largest in the Middle East based on financial performance and capital growth.

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