Displaying items by tag: Etisalat Group
UAE-based telecommunications provider Etisalat Group collaborated with Huawei and Deloitte to launch a joint white paper titled ‘From Pipelines to Clouds – Etisalat’s Playbook’ that intends to share lessons learned from Etisalat’s road towards becoming a cloud-native telco.
“Cloud computing presents unique opportunities for Etisalat to attain sustainable growth in the emerging digital ecosystem,” said Hatem Bamatraf, Chief Technology Officer at Etisalat Group. “Our aim is to deliver a differentiated service experience to empower a digital and happier society.”
The launch of the white paper is part of a collaboration made amongst the three companies for a joint innovation program focused around a playbook on how to implement multiple exponential technologies that constitute a digital transformation journey through a technology perspective.
The companies believe that a future Telco Cloud will require different telecom network infrastructure and system architecture to address customers’ digital needs in order to deliver intelligent, quicker, more reliable value added services.
“Network transformation should be considered as an opportunity to deploy an experience oriented agile network and operating model rather than an imperative compulsion to address short-term business challenges,” said Peng Xiongji, President Etisalat Key Account at Huawei Technologies.
The white paper underlines the vision of Etisalat Group to harness its technological vision and key industry advances to provide innovative premium and differentiated service experiences for customers.
The adaption of new architecture and processes outlined in the paper will enable Etisalat Group to devise a practical road-map for the adaption of SDN and NFV technologies in addition to cutting edge techs such as MEC, AI, Machine Learning, 5G and so on.
This will greatly assist Etisalat Group to reassure the path to the envisioned scenario of achieving a cost effective infrastructure which enables Etisalat to launch innovative products coped with future time to market.
UAE telecom company Etisalat Group, which operates and owns subsidiaries in Middle East, Africa and Asia, released its consolidated financial statement on October 25 for the three months ending 30 September. Consolidated net profit after Federal Royalty amounted to AED 2.4 billion resulting in a net profit margin of 19 percent and increased year-on-year by 29 percent. The company’s consolidated revenues amounted to AED 12.9 billion.
Etisalat Group’s UAE branch saw a 3 percent revenue increase year-on-year amounting to AED 7.6 billion. The UAE branch’s net profit amounted to AED 2.0 billion representing 4 percent increase year-on-year. Etisalat’s UAE subscriber base grew 2 percent year-on-year to reach 12.5 million. The company’s aggregate subscriber base reached 140 million up slightly from 139 million in Q2.
“Etisalat continues to deliver solid performance in the third quarter, despite the prevailing global economic challenges and the vastly transforming industry,” said Etisalat Group CEO Saleh Al Abdooli. “We are on the verge of entering a new era, which transcends any technological disruption we ever witnessed, and will be altering and reshaping our society and industry on a large scale.”
In Q3 2017, Etisalat signed a strategic partnership as part of Dubai Future Accelerators program to bring future medical care solutions to UAE and the MENA region. The company successfully completed the fastest 5G live trial globally reaching 71Gbps, and launched 4G services in Egypt through its subsidiary Etisalat Misr. Etisalat also launched a new brand ‘Swyp’ targeting youth in UAE.
“Etisalat is confidently moving forward and progressing positively in enriching lives and enabling societies across its footprint,” said Mr. Al Abdooli. “As a group, we will always assure a vigorous portfolio that is generating synergy, focusing on customer experience, growing value, and operating as one family.”
Mr. Al Abdooli added, “As we look back at our achievements, we sense and honor the great support that was extended to us by the wise leadership of the UAE, who did not only enable the creation of a world class telecom sector, but are also leading the way and acting as role models in technology adoption. Appreciation is also extended to our shareholders and loyal customer, to whom we owe more success and greater achievements.”
UAE’s Etisalat Group, which operates and owns subsidiaries in the Middle East, Africa and Asia, posted its Q2 financial results for 2017. The Group’s consolidated revenues amounted to AED 25.3 billion, according to the statement.
The Group’s consolidated operating profit before Federal Royalty dropped about 11 percent to AED 8.8 billion, and its global subscriber base also dropped around 15 percent, according to analyst calculations. The UAE remains a strongpoint for the operator, where both its revenues and subscriber base increased.
In the statement, Etisalat did not provide quarterly breakdowns for its financials for the quarter. The operator’s financial statements were not immediately posted on the Abu Dhabi stock exchange’s website. Etisalat proposed a dividend of 40 fils per share for the first half of 2017, unchanged from the previous two years.
UAE is Etisalat’s strongest operation, where its customer base increased 2 percent. The operator’s revenue in the UAE also increased to AED 2.2 billion, representing a 6 percent increase year over year and 7 percent increase compared to Q1 2017. But Etisalat’s aggregate subscriber base fell to 139 million across its footprint, compared to 163 million for the same period last year.
Etisalat thanked the United Arab Emirates for its “continued support” in the statement, and also thanked the company’s management team for their efforts in remaining focused on accelerating the operator’s long-term strategy to drive shareholder value. Etisalat also thanked its “loyal customers” for inspiring the company to set new benchmarks and reach new business heights.
The CEO expressed his pride in the company for being a “key strategic player in major digital transformation projects in the UAE and beyond. Our recent announcement of the longest submarine cable system is another step to enhance our long-term growth and bring new capacity to UAE making it an international hub.” Abdooli was referring to Etisalat’s role in enhancing international connectivity to UAE with the AAE-1 Submarine Cable System.
Etisalat Group’s results were affected by its recent cut with ties to Etisalat Nigeria, in Africa’s most populous market, after the country’s currency dropped which led to Etisalat’s subsidiary defaulting on loan payments. The loan Etisalat Nigeria received was to refinance a $650 million loan and fund expansion of the operator’s network.
Etisalat reportedly “pulled out” and intervened in the loan renegotiation talks to prevent job losses and asset stripping. Etisalat Nigeria has since been rebranded as 9mobile and is actively looking for bidders.
Nigeria’s central bank said on Friday, June 23, that Abu Dhabi state investment fund, Mubadala, had pulled out of Etisalat Nigeria, following a failed attempt by the telecom operator to renegotiate a $1.2 billion loan taken out four years ago with 12 Nigerian banks.
The loan Etisalat Nigeria received was to refinance a $650 million loan and fund expansion of the operator’s network. Payments to the loan were missed because of sharp declines in the Nigerian naira which increased the loan’s value, making repayments more difficult than anticipated.
Etisalat reportedly “pulled out” and intervened in the loan renegotiation talks to prevent job losses and asset stripping. $500 million of Etisalat Nigeria’s loan had been paid off before it defaulted in February. The company’s only remaining investors include its Nigerian partners, led by Etisalat Nigeria’s chairman Hakeem Belo-Osagie.
The parent company of Etisalat Nigeria, UAE-based Etisalat Group, said it was carrying its 45 percent stake at zero value, and that the Nigerian lenders had insisted it transfer its shares to a loan trustee by June 23 after the renegotiation failed, according to Reuters.
The Nigerian central bank said, “Given the inability of Etisalat [Nigeria] to come to an acceptable agreement with the banks, the largest shareholder in the company, Dubai-based Mubadala Development Company of the United Arab Emirates, has now pulled out of the company as well as the ongoing negotiations.”
The bank added, “It was based on the attempt of the banks to take over the company that the financial and telecommunications regulators have moved in to intervene and forestall down-sizing and asset striping.”
There were attempts in March by the Nigeria Communications Commission (NCC) and the central bank (which also acts as the banking watchdog) to prevent lenders placing Etisalat Nigeria in receivership to avoid a larger debt crisis, and agreed with banks to pursue a default deal. However, feeling the pressure to avoid loan-loss provisions, lenders have been pushing to finalize a restructuring before half-yearly audits come up soon.
Representatives from the Nigerian central bank and the communications regulator will soon hold discussions, according to central bank spokesperson, Isaac Okorafor, with lenders and IHS Towers, the mobile phone tower managers, and also “equipment suppliers”.
Etisalat Nigeria currently stands as the country’s fourth largest mobile operator with 14 percent market share, after South Africa’s MTN which has 47 percent market share, Globacom which has 20 percent, and Airtel – a subsidiary of India’s Bharti Airtel – which has 19 percent.
UAE-based Etisalat Group recently announced it has submitted a bid for the mobile license in the Sultanate of Oman, of which the United Arab Emirates shares a border with.
The bid is in line with Etisalat Group’s expansion strategy considering the market potential and similarities, footprint proximity to its core market, and likely synergies. The qualified bidders will be announced on 14 August, 2017 by Oman’s Telecommunications Regulatory Authority.
Etisalat Group has a strong international presence across 17 countries worldwide. The Group owns Mobily (Etihad Etisalat), the second largest telecommunications company in Saudi Arabia. Etisalat also has a presence in Nigeria, West Africa, Morocco, Egypt, Sudan, Tanzania, Afghanistan, Pakistan and Sri Lanka.
Etisalat Group and Qualcomm Technologies Inc. have signed a strategic agreement to work together to advance the development of next generation network technologies. The collaboration will focus on accelerating 5G standardization to bring forward the possibility of commercially available 5G networks as early as 2019.
As part of the agreement, the two companies will also look to work with regulators (for spectrum capability) and handset manufacturers, to quicken the capability to the next generation of mobile networks. In addition, they aim to conduct a 5G demonstration in MENA region. Qualcomm will provide the chipset, integral to enabling 5G capability of handsets. The agreement was signed by Hatem Bamatraf, chief technology officer International, Etisalat Group, and Jay Srage, president, Qualcomm, Middle East, Africa and Eastern Europe.
Commenting on the strategic agreement, Hatem Bamatraf said: "In this fast-changing digital age collaboration is king and we need to look at holistic business solutions to realize the opportunities that digital provides. 5G is critical to realizing the vision of countries around the whole for the Smart City concept, as well as delivering the network capability to meet the rapid rise in demand for data from our customers. By working together, and engaging with the wider mobile eco-system, Etisalat Group and Qualcomm Technologies aim to advance the preparatory development of 5G enabling us to make the service commercially available quicker than expected, which will enhance our customers’ experience."
Etisalat Group, in collaboration with Cisco, unveiled a white paper outlining its vision for the development of the Internet of Things (IoT). The White Paper called ‘Evolving the Service Provider Architecture for the IoT Era’ provides a road map for how the service provider network will need to evolve to meet customers’ needs and adapt to the growing IoT market.
Analysts forecast that the worldwide IoT installed base will exceed 28 billion by 2020, while total market revenue could exceed US$ 7 trillion. IoT infrastructure must be able to support the demands of high data rates, large numbers of connected things, deep coverage, advanced data analytics, and security and data management capabilities, among other requirements.
“Etisalat has been at the forefront in creating new technology breakthroughs in the UAE and the IoT is in our DNA. We believe that the IoT is vital for regional development and have made a commitment to build best-in-class IoT capabilities to bring to the market. The white paper in collaboration with Cisco is an initiative that is aligned with Etisalat’s 2020 technology vision,” said Hatem Bamatraf, Chief Technology Officer, Etisalat Group International. “Our shared vision identifies IoT as a key priority for Etisalat Group, to maintain its position as a leader in delivering next-generation platforms and services to the market.”
As a result, the white paper provides operators with a road-map and practical approach that paves the way for the evolution in its capabilities and future network architecture needed to realise the potential of IoT. Moving forward, this will involve managing a diverse network infrastructure, as access technologies continue to develop. It also highlights how service providers will need to invest new technologies and advanced networks to ensure the necessary capabilities are in place.
The white paper identifies current and potential activities where IoT will have an impact. These include: healthcare, fitness and wellbeing, manufacturing, agriculture, utilities, extractive industries, surveillance, logistics, transportation, retail and finance, as well as new applications related to Smart Cities.
In addition, it outlines the key technologies which will help create more flexible network infrastructure, better able to meet the wide-ranging requirements of IoT. These are: Implementation of Network Function Virtualisation (NFV) & Software Defined Networking (SDN), Cloud and edge (fog) computing, Low-power wide-area (LPWA) technologies and 5G. The White Paper also addresses the new security challenges that arise from this new area of connectivity.
Etisalat Group posted its Q2 consolidated financial statements on July 27 for the three months ending June 30, 2016. The company posted an impressive 51% increase in net profit compared to the same period last year, amounting to AED 2.3 billion, resulting in higher margin of 6 points to 17%.
Etisalat’s earnings per share (EPS) amounted to AED 0.27 in the second quarter of 2016, representing a 51% increase from the same period last year. The Board of Directors has approved an interim dividend distribution for the six months period ended June 30, 2016 at the rate of 40 fils per share.
In terms of profits, Etisalat’s consolidated revenue for Q2 2016 amounted to AED 13.3 billion with growth of 2% in comparison to the same period last year and 4% quarter over quarter. In the UAE, revenue in the second quarter increased year on year by 3% to AED 7.7 billion and 6% quarter over quarter.
Maroc Telecom, the main telecommunication company in Morocco, which Etisalat is a parent company of, reached a subscriber base of 53 million customers, representing a year over year growth of 4%. Meanwhile in Pakistan, subscriber base increased by 7% year over year to 23.6 million customers.
Etisalat’s consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) totalled AED 6.8 billion, resulting in EBITDA margin of 51%. In the UAE, EBITDA in the second quarter of 2016 was AED 4.3 billion increasing year over year by 3% leading to an EBITDA margin of 56%.
Maroc Telecom’s consolidated EBITDA for the second quarter of 2016 amounted to AED 1.6 billion, resulting in EBITDA margin of 51%. In Pakistan EBITDA in the second quarter of 2016 amounted to AED 0.4 billion with EBITDA margin increasing by 2 points to 36%. Quarter over quarter EBITDA increased by 7% with EBITDA margin improving by 2 points.
“Etisalat’s performance in the first half of 2016 maintains our record of solid performance and consolidates our position as a leading operator in emerging markets,” said Eng. Saleh Al Abdooli, Chief Executive Officer of Etisalat Group. “Therefore, enabling us to continue to offer significant value for our shareholders, whilst being able to make the investment in innovative solutions that is vital to maintain our leading role in one of the world’s fastest evolving industries.”
He continued, “While the industry is renowned for the speed of change, Etisalat Group is also under-going positive change. The re-structuring of the company, which was announced earlier this year, was finalised during the second quarter of 2016. It was designed to help the delivery of our strategic objectives and enhance overall performance.”
He continued, “Etisalat is already using its telecommunication infrastructure and digital technologies to deliver for our customers. We were the first company in the region to roll out 4G-LTE, with now around 95% of the UAE’s populated areas covered by faster speeds. Recently, we launched the UAE’s first Voice over LTE (VoLTE) service, providing customers with vastly improved quality for voice. In addition, Etisalat Group achieved a penetration rate of Fibre-to-the-Home (FTTH) of 89.4%, which is considered as one of the highest in the world.”
Etisalat announced its consolidated financial statements for the 12 months ending December 31st 2015.
Etisalat Group aggregate subscribers until 31 December 2015 reached 167 million. In the UAE the active subscriber base grew to 11.6 million subscribers in the fourth quarter of 2015 representing a year on year growth of 6%.
Etisalat Group, the leading Telecommunications Operator in Middle East, Africa and Asia, and headquartered in Abu Dhabi, was ranked thirtieth amongst LinkedIn's 'EMEA's 2015 Top 100 Most InDemand Employers', and was the only telecom operator to be named on the list.