e& (formerly known as the Etisalat Group) declared its net zero targets by 2030 during the Group’s participation at the 27th Conference of the Parties of the UNFCCC (COP27), currently taking place in Egypt, aimed at reducing carbon emissions across its operations and accelerating its efforts to contribute to global climate action.
e&, formerly known as Etisalat Group, announced its financial results for Q3 2022. The telco’s consolidated revenues reached AED 13 billion, an increase of 5.5% at constant exchange rates. Consolidated net profit was AED 2.5 billion, a YoY increase of 1.9%. At constant exchange rates, its revenue increased by 5.5%.
du, from Emirates Integrated Telecommunications Company (EITC), and Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, have announced the successful completion of the “Seeds for the Future” program for 2022. The two-part program is designed to enhance skillsets and accelerate efforts to drive talent progression for women and Emirati graduates in the UAE.
Emirates Integrated Telecommunications Company (EITC) published its financial results for the third quarter ending September 30, 2022. Revenues increased by 10.5% to AED 3.17 billion on sustained demand for broadband and mobile services. EBITDA grew 18.5% to AED 1.3 billion, thanks to a sharp increase in service revenues and gross margin expansion. Net profit increased by 12.7% to AED 319 million.
The Johannesburg-based company announced that MTN Group is selling its Afghanistan business for $35 million to Beirut-based M1 New Ventures, owned by Lebanon’s Mikati family, to exit the Middle East. This news comes alongside the release of the company’s third-quarter results.
Infobip, a global communications and leading customer experience platform, has concluded a strategic agreement with Zain Jordan that will see the leading Middle East and Africa telecom operator elevate their offer with Infobip’s Communications Platform as a Service (CPaaS) and Software-as-a-Services (SaaS) solutions to the Small and Medium Enterprise (SME) market.
e& was recognized as the most valuable UAE brand of the year 2022, leading the UAE’s league table with a brand value of US$11.84 billion and showing a value growth of 120% between 2020 and 2022.
Salam, a leading Saudi telecommunications and ICT company and part of the Mawarid Media & Communications Group (MMCG), and Airbus HAPS Connectivity Business have signed a strategic partnership to progress the development of private networks, IoT applications, disaster management solutions and other connectivity and high-altitude Earth observation services from the stratosphere to serve the Kingdom of Saudi Arabia.
Zain KSA shows consistent financial and operational growth upon recording triple-digit growth in net profit and comprehensive income during the first nine months of 2022.
du, from Emirates Integrated Telecommunications Company (EITC), has concluded its successful participation at GITEX GLOBAL 2022. As a leading digital telco presenting an innovative showcase under the theme “Powering Governments, Shaping the Emirates Reality,” du had a significant presence at the event, signing key strategic partnership agreements, receiving visits from multiple dignitaries to its stand and displaying cutting-edge technologies such as Internet of Things (IoT), augmented reality, metaverse, blockchain, NFT and robotics.
