According to the Emirates News Agency, the value of Unified Communications Group revenue during the first quarter of this year amounted to 13.1 billion dirhams, an annual increase of 1%, while the value of the consolidated net profit after deducting the federal concession right amounted to 2.2 billion dirhams, with a net profit margin of 17%.
Etisalat’s board of directors decided to distribute interim dividend of 25 fils per share to its shareholders.
Etisalat’s subscriber base in the UAE has grown during the first quarter of 2020 to reach 12.7 million subscribers, while the total subscriber base reached 150 million subscribers, with an annual increase of 5%.
His Excellency Obaid Humaid Al Tayer, Chairman of Etisalat Group, said: “Etisalat has demonstrated a great ability and commitment towards the communities it serves, to ensure business continuity and readiness, and to minimize the impact of the challenges we are witnessing today on its operations, and in a way that has contributed to providing its various services seamlessly to all of its customers. From here, Etisalat’s performance during the first quarter came to reflect flexibility in dealing with market challenges, and with the unprecedented pressures facing the global telecom sector.
He pointed out that the UAE’s vision and aspirations to be the highest in the network readiness, and to move towards strengthening its position in the digital field, was a strong impetus for Etisalat to achieve its strategy of leading the digital future to empower societies through building advanced networks, strong infrastructure and innovative services that enabled it From facing the current challenges and providing the digital services necessary to enable the business sector to apply the remote work system, and to enable more than a million students across the country to complete study and distance learning.
He pointed out that Etisalat, through its advanced networks, and its pioneering and innovative digital services, is fully prepared to support and serve the community, in a manner that shows the readiness of its infrastructure and network to enable access to vital communication services, especially during the exceptional times and circumstances we are witnessing at this stage.
His Excellency said: Despite the current conditions and challenges facing the global communications sector, we are confident that the future brings with it many promising opportunities, as we witness today the emergence of a new era that imposed on various sectors, the need to move quickly towards keeping pace with the digital transformation, which highlights the role The pivotal and important aspect of the 5G network, which is the main potential especially for business solutions, education and digital entertainment, in addition to its ability to meet the current and future customers' requirements, which enhances the tireless efforts made by Etisalat in the field of digital empowerment, which will enable it to provide these solutions The innovative governments and business sector, and individuals alike, will also enhance the prestige of leadership ...
