Etisalat Group Reports Consolidated Net Profit before federal royalty of AED 17.45 billion a 3% increase year over year
- Etisalat UAE subscriber base reached 12.6 million, representing a year on year growth of 3%.
- Etisalat UAE revenues amounted to AED 31.2 billion and increased year over year by 3%.
- Etisalat UAE net profit after federal royalty amounted to AED 8.2 billion and increased year over year by 5%.
- Etisalat UAE Full year EBITDA in 2017 increased by 2% to AED 16.7 billion resulting in EBITDA margin of 53%.
- Proposed dividend payout of 40 fils per share for the second half of 2017, representing a total dividend payout of 80 fils for the full year and a dividend payout ratio of 82%.
- Credit Ratings by agencies S & P Global and Moodys affirmed Etisalat Group’s high credit rating at AA-/Aa3.
- UAE ranked as global leader in Fiber Optic Network by FTTH Council.
- As part of its strategic partnership with Dubai Future Accelerators, etisalat has launched two challenges in the areas of health and digital security risks.
- Etisalat launched ‘Open Innovation Center’ to showcase Smart Solutions to Governments and Businesses hence, driving the Digital Transformation.
- Etisalat announced the successful deployment of pre-commercial 5G network in certain locations in UAE and successfully completed the fastest 5G live trial reaching 71Gbps
- Etisalat Receives Tier III Gold Certification for Operational Sustainability
- Etisalat enhances International Connectivity to UAE with AAE-1 Submarine Cable System
- Etisalat UAE revamped loyalty program ‘Smiles’, focusing on digital channels and bringing larger value to customers.
- Etisalat launched ““swyp” the new digital brand targeting the youth and digital millennials in the UAE
- Etisalat launches first IPX Exchange platform in MEA, which will augment its already existing SmartHub data center services.
- Etisalat launched 4G service in Egypt.
- Etisalat selected as the digital transformation partner for Dubai International Financial Center (DIFC)’s FinTech accelerator program.
- Etisalat launched M2M in-vehicle WiFi enabling connected fleets businesses as part of its next generation IoT solutions.
- E-Vision Partners with MBC GROUP in Exclusive IPTV/OTT Channel Distribution Rights deal in the UAE
- Etisalat introduced ‘Create Your Number’ service for all post-paid subscribers first time in the UAE.
- Etisalat named ‘Most Valuable Brand’ in the Middle East & Africa 2017, with a brand value that stands at 7.7 bn USD.
- Etisalat named ‘Best Telecom Brand’ and ‘Best Middle East Operator’ at TR Excellence 2017
- Etisalat named ‘Best Operator’ by ‘Telecoms World Middle East 2017’
- Etisalat named ‘Best Middle East Wholesale Operator’ at TR Excellence 2017
- Etisalat’s Maroc Telecom Named ‘Best African Operator’ at TR Excellence 2017
- Etisalat won ‘Telecom Group of the year’ from Comms MEA
- Etisalat won ‘Best Telecom Strategy of the year’ from Broadcast Pro ME
- Etisalat’s Smart Hub has Won the DCD Award in “Excellence in Regional & Global Datacenter Connectivity” (DCD – Data Centers Dynamic)
- Etisalat won the prestigious “Innovation Idea in Program Management” Award for the successful management & completion of Dubai Parks and Resorts project.
- Etisalat Group, Accenture and DXB Entertainments won at GLOMO Awards for Best Use of Mobile for Travel, Leisure & Hospitality for the Dubai Parks and Resorts Mobile App.
- Aggregate subscriber base reached 142 million, representing a year over year increase of 1% on a like for like basis.
- In the UAE the subscriber base grew to 12.6 million subscribers in the fourth quarter of 2017 representing a year on year growth of 3%.
- Etisalat Group’s consolidated revenue for the fourth quarter of 2017 amounted to AED 13.5 billion, representing an increase of 4% in comparison to the same period last year.
- In the UAE, revenue in the fourth quarter increased year on year by 3% to AED 8.1 billion.
- Group Consolidated EBITDA for the fourth quarter of 2017 increased by 3% year on year to AED 6.4 billion.
- In the UAE, EBITDA in the fourth quarter of 2017 was AED 4.1 billion increasing year-over-year by 2% leading to an EBITDA margin of 51%.
- Consolidated net profit after Federal Royalty reached to AED 2.0 billion in the fourth quarter of 2017.
- Earnings per share (EPS) amounted to AED 0.23 in the fourth quarter.
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