UAE telco Etisalat has reported an 11% rise in its first-quarter profit. The groups aggregate subscriber base was 145 m in March 2014, indicating a year on year growth of 3%. The companys mobile subscriber base grew by 20% to reach 8.9 m subscribers. Fixed line subscribers including eLife and broadband segments increased to two million, […]
UAE telco Etisalat has reported an 11% rise in its first-quarter profit. The groups aggregate subscriber base was 145 m in March 2014, indicating a year on year growth of 3%.
The companys mobile subscriber base grew by 20% to reach 8.9 m subscribers. Fixed line subscribers including eLife and broadband segments increased to two million, representing a year on year growth of 2%.
The UAE remains Etisalat’s core market, providing USD 1.77 bn of quarterly revenue, up 8% from a year earlier to account for almost two-thirds of the group total.
“We will continue to expand our service offering and geographic footprint in order to diversify our revenue base,” Ahmad Julfar, Etisalat chief executive, said in the statement.
“Africa remains a strategic region for our business.”
First-quarter capital spending fell 14% to $245 m.
