Etisalat Group (Etisalat)
Etisalat Group is one of the world’s leading telecom groups in the emerging markets. Etisalat’s market cap (June 28, 2017) is AED 149.6 billion (40.7 billionUSD). With reported net revenues of AED 52.4 billion and net profit of 8.4 billion for 2016, Etisalat ranks amongst the most profitable telecom groups in the world. Its high credit ratings of AA-/A+/Aa3 reflect the company’s strong balance sheet and proven long-term performance.
Headquartered in Abu Dhabi, Etisalat was established almost four decades ago in the UAE, as the country’s first telecommunications service provider. An international blue-chip organization, Etisalat provides innovative solutions and services to 162 million subscribers in 17 countries across the Middle East, Asia and Africa.
Etisalat Group’s mission is to provide a bestin-class total customer experience domestically and internationally, deliver attractive returns to shareholders while investing in the long-term future of the company, and supporting economic development in all the markets we operate in.
Aspiring to be the most admired telecom group in emerging markets, Etisalat strives to consistently foster innovation and deliver first-inmarket technologies wherever it operates. This is evidenced by its expeditionary trials of 5G services in the UAE – the first-ever in the region – including coordinating the development, design and deployment of future ICT platforms for fifth generation mobile broadband. Abu Dhabi is the first capital in the world to be fully connected and has the highest speed fibre optic on the planet.
Such diverse technological expertise has helped Etisalat Group capture significant market share as it expands across Africa, Asia and the Middle East, most notably in Egypt and Saudi Arabia, where the introduction of innovative mobile broadband services has changed market dynamics and provided affordable mobile internet access for millions of people.
Etisalat Group’s performance and services have been widely recognized by the industry, winning many major awards, including the prestigious annual GSMA’s Global Mobile Awards for the past four years.