Page 13 - SAMENA Trends - April 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Etisalat Group Reports Consolidated Revenues of AED 13.1 Billion in Q1 of

2020

Etisalat Group announced its consolidated and collaboration service for small infrastructure preparedness to deliver
financial statements for the three months and medium businesses (SMB) and access to vital telecom services during
ending 31st March 2020. enterprise customers in the UAE today’s extraordinary times. “Moving
Financial Highlights and Key Developments • Etisalat launched ‘Business Edge’, a new ahead, we remain optimistic about the
of Q1 comprehensive platform offering a wide future as there are immense opportunities
• As Part of its support and commitment range of services and solutions that in the midst of the challenges and
towards the community and its cater to Small and Medium Business pressures faced by the telecom sector
shareholders, Etisalat board of Directors (SMB) customers globally. With digital enablement and
approves interim dividend payout of 25 • Etisalat partnered with Alef Education, innovation making an impact on every
fils per share to enable both entities to collaborate on sector, the world is moving in full force
• Aggregate subscriber base reached 150 a series of digital initiatives to empower towards achieving digital transformation.
million, representing a year over year the region’s education sector 5G network is more important than ever as
increase of 5%. • Etisalat launched first-of-it-kind it will be a key enabler of remote business,
• Consolidated revenues amounted telehealth service in the private sector education, entertainment and has the
to AED 13.1 billion representing a as a continuation of its mission to capability of addressing customer current
year over year increase of 1% while provide clinical excellence to patients and future needs. Etisalat’s pioneering
consolidated net profit after Federal in need position in 5G will bring these futuristic
Royalty amounted to AED 2.2 billion and • Etisalat partnered with Department of solutions to governments, businesses
resulting in a net profit margin of 17%. Health, the regulator of the healthcare and consumers alike reiterating our
• Consolidated EBITDA totaled AED 6.7 sector in Abu Dhabi to launch the efforts in digital innovation and also our
billion, representing an increase of 1.5% ‘Digital Healthcare’ Centre leadership as a telecom brand regionally
year over year and resulting in EBITDA and internationally. "Etisalat is grateful to
margin of 51%. Chairman Message: the leaders of the UAE for their continuous
• Etisalat launched initiatives to support H.E. Obaid Humaid Al Tayer, Chairman, support and also want to express our
“Stay at Home” directive offering free Etisalat Group said: “Today as we navigate gratitude to all our loyal customers and
mobile internet for families without through these challenging times, Etisalat shareholders for their confidence in driving
home internet to facilitate their access has showed resilience and remained us to accomplish our goals of driving
to distance learning services, free committed towards the communities digital innovations for a better future.”
applications to support work from home it serves, ensuring business continuity
for businesses and government entities. and readiness, minimizing impact on our Subscribers
• Etisalat named ‘The Most Valuable operations and uninterrupted services to In the UAE the subscriber base grew to
Consumer Brand’ and ‘The Most our customers. Etisalat's performance in 12.7 million subscribers in Q1 of 2020,
Valuable Telecom Brand’ in MEA region. the first quarter reflects our agility in dealing while aggregate subscriber base reached
• Etisalat completed the acquisition with unprecedented market challenges 150 million, representing a year over year
of Help AG, a privately held regional and pressures facing the telecom sector increase of 5%.
company specializingl in the delivery of globally. “We are also thankful to the
cyber security solutions and services. vision of our wise leadership in the UAE in Revenue & Net Profit
• Etisalat successfully launched open positioning the country among the most Consolidated revenues amounted to AED
virtual Radio Access Network (Open digitally advanced globally and inspiring us 13.1 billion representing a year over year
vRAN), becoming the first operator in to realize our efforts in ‘Driving the digital increase of 1% while consolidated net
MENA to achieve this technological feat future to empower societies’ by delivering profit after Federal Royalty amounted to
• Etisalat unveiled the 5G-enabled smart world-class networks, infrastructure and AED 2.2 billion and resulting in a net profit
patrol for Dubai Police, a first in the innovative services. This has empowered margin of 17%.
Middle East and North Africa region Etisalat to address the current challenges
• Etisalat partnered with Microsoft to and meet digital requirements facilitating EBITDA:
enhance its public cloud first strategy businesses to work remotely and over a Group Consolidated EBITDA for the first
infused with automation and AI million students enjoying distance learning quarter of 2020 increased by 1.5% to AED
• Etisalat introduced 'Cloudtalk', first-of- across the UAE. Through our dedicated 6.7 billion while EBITDA margin remained
a-kind cloud-based platform enabling teams, we were geared to fully support stable year on year at 51%.
business unified communication and serve the community showcasing

13 APRIL 2020