The Emirates Telecommunications Group (Emirates Telecom) and Emirates Integrated Telecommunications (Du) have increased their levels of spending on networks in preparation for the launch of the fifth generation services.
The financial statements of the two companies revealed that their spending on networks increased by 7.3%, equivalent to 228 million dirhams, at the end of last year.
The financial statements of the two companies indicated that they spent about 3.35 billion dirhams on networks last year, compared to 3.12 billion dirhams in 2017.
Etisalat’s network costs reached 2.59 billion dirhams last year, an increase of 7.5% compared to 2.4 billion dirhams in the same period of 2017.
The costs of operating and maintaining the network in (Du) reached about 756 million, an increase of 6.6% compared to about 709 million dirhams in 2017.
The total revenues of the two companies increased by 1.16 billion dirhams, or 1.8%, to 65.8 billion dirhams in 2018, compared to about 64.6 billion dirhams in 2017.
That revenue was distributed by 52.38 billion for (Etisalat) and 13.4 billion for (Du).
According to a report prepared by Namazone and based on the financial statements of my company n, the value of the concession paid by Etisalat reached about 5.58 billion, and Du paid about 2.08 billion, a growth of 2% compared to 2.04 billion in 2017.
On the same level, the profits of the two companies increased by the end of last year by 2.2% to 10.35 billion dirhams, compared to a profit of 10.12 billion dirhams in 2017.