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Etisalat and du spend 2.5 billion dollars on the network in 9 months



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  • Abu Dhabi – Rami Sameeh

Date: November 8, 2018

Emirates Telecommunications Group (Etisalat) and Emirates Telecommunications Company (du) announced that their network expenses increased to 2.48 billion dirhams in the first nine months of this year, an increase of 7.9 percent compared to 2, 3 billion dirhams in the same period last year.

According to the analytical analysis of the "economic statement" based on the financial statements of both companies published on the financial markets in Dubai and Abu Dhabi.

Network costs for Etisalat have reached AED 1.9 billion in 9 months, an increase of 9% compared to AED 1.77 billion in the same period last year, while the cost of operating and maintaining a network in a large amount of 553.2 million, that is, 4.3% more than 530.5 million. AED in the first nine months of 2017.

Over the years, both companies continued to invest in upgrading the Etisalat network to set AED 3.6 billion to continue investing in the modernization of cellular networks, fiber networks and infrastructure development and to support them by investing in future technologies such as the Internet, artificial intelligence and robotic systems.

Etisalat said its consolidated capital expenditures in the UAE were combined in the third quarter with the strengthening of network infrastructure to service new revenue streams, as well as to increase network capacity and maintenance.

Income and expenses

The combined revenues of both companies reached 49.36 billion dirhams in the first nine months of this year, divided by 31.3 billion in Etisalat and 10.01 billion in du, compared to 47.7 billion dirhams in the same period last year, which is an increase of 1.63 billion dirhams Or 3.4%.

Etisalat's revenue was 20.23 billion AED for mobile phones, 12.24 billion for fixed-line connections, 1.6 billion for the sale of communication equipment and other revenues of AED 5.28 billion, while du's revenues amounted to AED 6.02 1.72 billion fixed-line phones, 1.6 billion of wholesale revenues and other revenues of 667.8 million.

Operating costs in nine months amounted to 31.19 billion AEDs, of which 25.4 billion is communication, with direct sales and consumption accounting for the largest part of expenditures and about 5.78 billion dinars, while the costs of calls, products and employees accounted for a large part of expenses company.

Net profits of both companies amounted to 8 billion AED, 6.59 billion in telecommunications and 1.4 billion in du, compared to profits of 7.72 billion in the same period last year, an increase of 3.53% or 273 million dirhams .

Assets

The assets of two unlisted companies reached 88.2 billion AED at the end of September, of which 79.012 billion AED were fixed assets Etisalat and about 9.17 billion AEDs for du. While the assets of both companies were sold in September to 52.1 billion dirhams, compared to 56.1 billion dirhams at the end of last year, they had contact with about 45.19 billion dirhams and about 6.9 billion dirhams.

The total number of subscribers to Etisalat reached 144 million at the end of the first nine months of this year, an increase of 4.5 million over the past 12 months due to the strong growth in subscribers in Morocco, Côte d'Ivoire, Benin, Togo, Niger, Mali, Burkina Faso and Pakistan, and du did not announce the number of their subscribers.

16.08

The United Arab Emirates had the largest share in revenues from Etisalat in the first nine months of this year (24.09 billion AED), while Morocco's revenues amounted to AED 6.09 billion, AED 2.07 billion from Egypt, 2.94 billion AED from Pakistan and 5.07 Other income.

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