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MarketScreener Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Emirates Integrated Telecommunications Company PJSC    DU   AEE000701012

EMIRATES INTEGRATED TELECOMMUNICATIONS C

(DU)
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Emirates Integrated Telecmnctns Com : Du launches 5G-enabled mobile devices

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06/16/2019 | 11:56am EDT

Al Hassawi..'The 5G reality is here' Du, part of Emirates Integrated Telecommunications Company (EITC), has become the first telco to launch 5G mobile devices in the Middle East.

Fahad Al Hassawi, deputy CEO – Telco Services, EITC, said: “The 5G reality is here, which is why we are thrilled to be able to bring this revolutionary technology to more customers across the UAE. As the 5G journey gathers momentum, we are excited to be inspiring customers to achieve new possibilities as advanced connectivity becomes available in more places.

“As a foremost technology leader tasked with enabling digital transformation, we are committed to accelerating 5G adoption by providing advanced devices to consumers. The transformative potential of 5G will have a large social and economic impact on the country, and we are proud to be leading the evolution towards a faster, more connected future,” he said.

Du was the first to launch 5G demonstrations in the UAE through its experiential 5G showcases and suhoors throughout the month of Ramadan.

By pre-registering and taking part in the demonstrations, customers became the first to experience the 5G network on ZTE’s Axon Pro 10. The device was used to show consumers how they can unlock the full potential of the 5G network upgrade.

These experiential events fueled anticipation for 5G, with customers having the opportunity to register their interests in acquiring 5G devices. As a result of this, the first preregistered du customers received their Axon Pro 10 device as a gift from the company.

Du has started selling the 5G-enabled ZTE Axon Pro 10 handset, with the company’s portfolio of 5G devices expected to expand further over the coming weeks.

As du is in the process of adding new 5G sites, the company will not be charging customers any extra for the 5G service. This means they can use their 5G devices while enjoying new and existing benefits of their existing plans, the operator said. - TradeArabia News Service

(c) 2019 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (AED)
Sales 2019 12 787 M
EBIT 2019 3 933 M
Net income 2019 1 826 M
Finance 2019 2 046 M
Yield 2019 6,19%
P/E ratio 2019 14,6x
P/E ratio 2020 13,9x
EV / Sales2019 1,84x
EV / Sales2020 1,64x
Capitalization 25 611 M
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Emirates Integrated Telecommunications Company PJSC Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 6,66  AED
Last Close Price 5,65  AED
Spread / Highest target 24,2%
Spread / Average Target 17,8%
Spread / Lowest Target 15,0%
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Managers
NameTitle
Osman Sultan Chief Executive Officer
Mohamed Hadi Ahmad Adbulla Al-Hussaini Chairman
Farid Faraidooni Chief Operating Officer & Deputy CEO
Kais ben Hamida Chief Financial Officer
Peter Larnholt Chief Information Officer
Sector and Competitors