Etisalat buoyed by domestic, overseas operations
Etisalat said it has successfully completed the acquisition of a 53 per cent stake in Maroc Telecom Dh m
across the Mena region, was accompanied by strong figures in our international operations, the continuance of steady growth for our operations in the UAE, and an accelerated effort to spearhead the development of 5G technology through leading global partnerships,” he added.
The company said its growth in emerging markets will help secure long-term success for etisalat, but the rapid growth of data usage holds the key to the future.
In 2014 etisalat was the first operator in the Middle East to offer Embedded SIM technology in line with a standard international specification.
“The future is full of challenges, but etisalat is well placed to meet them. With the continued support of the UAE Government, our shareholders, and our customers, I have no doubt that we are up to the task of continuing the impressive track record of success that has been our hallmark.” Julfar said.
“Telecom companies would continue to be an attractive bet especially with strong growth in population,” said Tariq Qaqish, head of asset management at Al Mal Capital.
The UAE had 16.96 million active mobile subscriptions and 1.04 million internet subscribers until November 2014, according to the Telecommunications Regulatory Authority (TRA).
Etisalat provides telecommunications services, which includes wireless, data and voice communication services, and competes with du for the market share.