Emirates Telecommunications Group (EAND)

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News

13 March 2017 01:58 PM Etisalat considers sale of stake in Nigerian unit - Agency

Abu Dhabi – Mubasher: Etisalat is considering selling its stake in Etisalat Nigeria, Reuters reported. This came after Etisalat Nigeria has defaulted on a $1.2 billion loan facility. In 2013, Etisalat Nigeria inked the facility with 13 Nigerian …

Companies Investments

8 March 2017 01:02 PM Etisalat proposes dividends for 2016

Abu Dhabi – Mubasher: Emirates Integrated Telecommunications Group (Etisalat) said its board recommended 40% cash dividends or 40 fils per share for the second half of 2016, totalling AED 3.47 billion, according to a statement. The board set the …

Cash Dividends

5 March 2017 02:26 PM Etisalat invests over AED 28bn in network infrastructure

Abu Dhabi – Mubasher: Etisalat has invested more than AED 28 billion in the network infrastructure, CEO Saleh Al Abdooli said in a statement. “This has led to the launch of innovative services meeting the growing demand and changing requirements …

Companies Investments

3 March 2017 02:02 PM Etisalat to discuss FY16 dividends early March

Mubasher: Emirates Telecommunications Group (Etisalat) will hold its board meeting on 8 March to overview the income statements of fiscal year 2016. Etisalat’s board members will also discuss the proposed dividend payout, and schedule for the …

Financial Results

28 February 2017 08:14 AM Etisalat, Mobily sign services deal

Abu Dhabi – Mubasher: Etisalat Group and Etihad Etisalat (Mobily) have inked on Monday, 27 February, a technical services and support agreement (TSSA), according to a bourse statement. The five-year agreement is subject to the approval of Mobily’s …

Companies Investments

20 February 2017 06:18 AM UAE telecom firms overcome challenges, rise in 2016

By: Mahmoud Gamal Dubai – Mubasher: The profits of listed telecom companies on the Dubai Financial Market (DFM) and Abu Dhabi Exchange (ADX) increased by 3.4% in 2016, backed by higher revenues. Net profits of Etisalat and du reached about AED …

Financial Results

14 February 2017 01:58 PM UAE’s Etisalat posts AED 8.42bn profits in 2016

Abu Dhabi – Mubasher: Emirates Integrated Telecommunications Group “Etisalat” on Tuesday reported a slight rise in its full year profits, but noted a decline in its results for the fourth quarter of 2016. The telecom operator posted AED 8.42 …

Financial Results

12 February 2017 01:41 PM Etisalat Group changes ownership in Netherlands-based firm

Abu Dhabi – Mubasher: Emirates Telecommunications Group Company (Etisalat Group) signed a new shareholders agreement with other two shareholders in Netherlands-based EMTS Holding BV. “Etisalat Group’s voting rights in the latter company has …

Companies Investments

1 February 2017 08:16 AM Etisalat Group may exit Sri Lankan operations

Abu Dhabi – Mubasher: Etisalat Group is considering the possibility of exiting the Sri Lankan market in 2017, Al Ittihad newspaper reported. The company is reviewing its investments in small-sized markets, the group’s CEO Saleh Abdullah Al Abdooli …

Companies Investments

2 January 2017 09:04 AM Etisalat launches eLife Ultimate plan with super speed of 1G bps for home users

Etisalat announced today the launch of ‘eLife Ultimate 1G’ and ‘eLife Premium 500’ plans to enrich the home entertainment experience for its UAE residential customers with eLife TV, Internet and fixed telephone service.Etisalat’s eLife Ultimate 1G customers will enjoy super download speed of 1 Gbps, the highest speed home Internet available in the UAE, and upload speed of 100 Mbps. eLife Premium 500 subscribers will enjoy download and upload speeds of 500 and 50 Mbps respectively, allowing multiple

news-releases

29 December 2016 10:47 AM Etisalat’s stock sees biggest activity in 6M

By: Bedour El-Raie Abu Dhabi – Mubasher: Etisalat’s stock marked the highest trading activity in six months on Thursday, the last trading session of 2016, on the Abu Dhabi Securities Exchange (ADX). By 12:36pm UAE time, the stock jumped 1.63% to a …

Trading Activities

25 December 2016 08:06 AM Etisalat Group announces expiry of management deal with Mobily

Abu Dhabi – Mubasher: Emirates Telecommunications Group Company (Etisalat Group) announced the expiry of its agreement with Etihad Etisalat (Mobily) on 23 December. Both parties agreed on the non-renewal with the current conditions, according to a …

Companies Investments

24 November 2016 10:05 AM UAE listed telecom firms see lower Q3 profits

By: Mahmoud Gamal Dubai – Mubasher: The UAE listed telecom operators saw a 2.6% year-on-year decline in its profits during the third quarter of 2016, weighed down by higher expenses and revenues. Total profits of Etisalat and du reached AED 2.7 …

Stock Evaluations

26 October 2016 04:33 PM Etisalat profits rises 16% in Q3

Abu Dhabi - Mubasher: Emirates Telecommunications Group (Etisalat) announced achieving 16% year-on-year growth in net profits in the third quarter of 2016, according to a press release. Profits reached AED 1.9 million ($517 million) compared to …

Financial Results

17 October 2016 05:12 PM Etisalat Egypt mulls financing options to pay 4G license fees

Dubai – Mubasher: Etisalat Egypt studies the different available financing alternatives to pay the fees of acquiring the 4G license, said Hazem Metwally, CEO. The company studies the probability of either obtaining a loan from local lender or …

Macroeconomics

16 October 2016 00:51 PM EGX telecom sector on spree due to 4G license deals

Cairo – Mubasher: The Egyptian Exchange's (EGX) telecommunications sector saw an intense trading activity after Egypt-based three cell phone operators signed fourth generation licenses agreements. The telecom sector recorded a 2.15% rise by …

Trading Activities

15 October 2016 07:28 PM Etisalat to invest $817m in infrastructure - CEO

By: Amr Adel and Rami Sameh Abu Dhabi - Mubasher: Etisalat UAE has dedicated more than AED 3 billion ($817.4 million) for investments in infrastructure in 2016, the telecom group CEO Saleh Al Abdooli told Mubasher. The new investments include …

Companies Investments

28 August 2016 10:44 AM UAE telecom sector posts AED 3.05bn profits in Q2

By: Mahmoud Gamal Dubai-Mubasher: The only two telecom operators listed on UAE stock markets, Etisalat and du, posted a 27.1% rise year-on-year in its profits during the second quarter of 2016. Both operators posted profits of AED 3.05 billion …

Financial Results

26 August 2016 00:37 PM Fitch affirms Etisalat ratings at “A+”

Abu Dhabi-Mubasher: Fitch Ratings affirmed Emirates Telecommunications Group Company’s (Etisalat) long-term issuer default rating (IDR) at “A+”, with a “Stable” outlook. The rating agency also affirmed the telecom operators’ senior unsecured debt …

Stock Evaluations

9 August 2016 09:49 AM Etisalat completes sale of Canar stake

Abu Dhabi-Mubasher: Etisalat officially completed the sale of its 92.3% stake in the Sudanese fixed-line operator Canar to Bank of Khartoum after getting regulatory approvals. Etisalat Group received around AED 349.6 million in return for its …

Companies Investments

7 August 2016 11:05 AM Etisalat’s stock rises to record high

Abu Dhabi-Mubasher: Etisalat’s stock reached its highest level since March 2005, according to a bourse statement. The stock rose 0.5% to AED 19.90 by 1:00pm UAE time, with a turnover of AED 10.97 million generated from the exchange of 551,830 …

Trading Activities

27 July 2016 01:51 PM Etisalat Q2 profits grow 37%; dividends approved

Abu Dhabi-Mubasher: Abu Dhabi-listed Etisalat posted a 37% rise in its second-quarter profits, according to a bourse statement. Net profits reached AED 2.602 billion ($708 million) in Q2-16, compared to AED 1.900 billion ($517 million) in Q2-15. …

Financial Results

24 July 2016 07:46 AM Etisalat to discuss H1 financials Wednesday

Abu Dhabi-Mubasher: Etisalat will hold a board meeting on Wednesday to review the financial statements of the first half ended 30 June, 2016. The board meeting will also discuss the recommendation of distributing dividends for H1-16, according to …

Event

13 June 2016 01:50 PM Etisalat sells 92.3% stake in Sudan’s Canar to Bank of Khartoum

Abu Dhabi- Mubasher: Emirates Telecommunications Group (Etisalat) announced Monday that it sold its 92.3% stake in Sudanese operator Canar Telecommunication Company Limited to the Bank of Khartoum for AED 349.6 million; a price per share of AED …

Corporate Actions

18 May 2016 02:54 PM Moody's affirms ratings of 3 UAE firms

Abu Dhabi-Mubasher: Moody's Investors Service confirmed the ratings of International Petroleum Investment Company (IPIC) and Mubadala Development Company at Aa2, and Etisalat at Aa3, with a negative outlook. The agency’s ratings followed the …

Stock Evaluations