Etisalat Group, based out of Abu-Dhabi on Tuesday posted net gain for the first half of 2018 of AED4.3 billion ($1.17 billion), which is increasing 6 percent every year.
The telecoms operator stated that its subscriber base reached 144 million representing an year on year rise of 4 percent whereas revenues also increased by 4 percent to AED26.2 billion.
Chairman of Etisalat Group, Essa Mohamed Al Suwaidi stated, “Etisalat Group’s financial performance of the first half of this year showcased its ability to innovate and lead in the telecom and digital services arena.”
He even said, “We will continue to be technology leaders and our recent 5G commercial launch is another testament of our efforts, allowing us to tap into promising opportunities that will enable greater benefits for all segments of customers.”
CEO of Etisalat Group, Saleh Al Abdooli mentioned, “Etisalat Group’s financial results in the first half of 2018 is an outcome of our sincere efforts to drive growth and generate efficiencies, with an unwavering commitment to key strategic priorities that will enable a digital future, transform the ecosystem, and drive digital innovation across our operations.”
During the first half of the year 2018, Etisalat was the first telecom operator to successfully introduce a 5G Ultra-Mobile broadband experience in the region.
He claimed, “Moving forward, we will continue to pilot and explore new technologies while probing prospective use cases that will maximize value and bring tangible benefit to customers and shareholder.”
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