Etisalat Group has announced the successful completion of a bond issuance worth one billion euros ($1.2 billion) to refinance the maturing bond tranche it had issued in 2014 ($4.3 billion) for the acquisition of a controlling stake in Maroc Telecom.
Telecom Operators
Etisalat posts consolidated net profit of Dh 2.3bn for Q1 2021, up 7.9% y-on-y
Etisalat Group has announced its consolidated financial statements for the three months ending 31st March 2021.
H.H. Sheikh Mohammed bin Rashid lauds Etisalat’s role in ‘100 Million Meals’ campaign
In light of Etisalat’s contribution to the campaign’s remarkable success, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured Etisalat for its contribution to the remarkable success of the “100 Million Meals” campaign launched by the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) and the charity auction under the patronage of His Highness Sheikh Mansour bin Rashid Al Maktoum.
Ooredoo Group’s Q1 2021 financial results show resilience, solidity
Ooredoo announced its financial results for the first quarter of 2021, showing solidity and resilience despite the pandemic. Excluding foreign exchange (FX) impact, the revenue increased by 1%, EBITDA increased by 9%, and the net profit increased by 120%.
Zain Bahrain’s net profit up by 10.6% to BD1.5 million in Q1 2021
Zain Bahrain announces its financial results for the first quarter of 2021. For Q1 2021, the operator reported a net profit of BD1.528 million, an impressive 10.6% increase from a BD1.382 million net profit for the same period in 2020.
du deploys first 5G leased line in the UAE
du, from Emirates Integrated Telecommunications Company (EITC), has announced the successful deployment of the first 5G leased line in the UAE for China State Construction Engineering Corporation Middle East L.L.C (CSCEC ME) office in Dubai Industrial City. Using the latest 5G technology for the first time for a leased line, du will provide highly efficient and reliable leased line telco services.
UAE leads in world’s mobile network speed race
The UAE has ranked as a leader in a global mobile index as the country with the fastest mobile network speed in the first quarter of 2021, according to the latest data from Ookla, a global leader in fixed broadband and mobile network testing applications, data and analysis.
Vodafone Qatar achieves highest quarterly net profit
Vodafone Qatar announced its financial results in Q1 2021 which unveiled the company’s highest quarterly net profit of QR 66 million, after recording a 38% year-on-year growth.
Etisalat touches heartstrings of UAE’s labour community
In a touching tribute ahead of Labour Day, fifteen construction workers of various nationalities got a surprise of a lifetime from Etisalat.
du posts Dh257 million net profit in Q1 2021
Emirates Integrated Telecommunications Co.(EITC), also known by its brand name du, posted a net profit of Dh257 million ($70mln ) for the first quarter of 2021. Excluding the impact of goodwill impairment on the broadcasting business in Q4 2020 results, Q1 2021 net profit grew by 38.7%, as per the company’s statement.