Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  ABU DHABI SECURITIES MARKET  >  Emirates Telecommunications Grop Co PJSC    ETISALAT   AEE000401019

EMIRATES TELECOMMUNICATIONS GROP CO PJSC

(ETISALAT)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Emirates Telecommunications Grop : UAE's Etisalat investing $1 billion in digital transformation this year

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2019 | 01:07am EDT

Dubai Marina as seen from the Princess Tower. Photo credit: Ben Mack

UAE-based telecoms giant Etisalat plans to invest AED4 billion ($1.09 billion) in digital transformation, mobile and fibre networks this year, according to a senior executive.

Hatem Bamatraf, chief technology officer, Etisalat International, said the company's "pioneering efforts" in 5G will pave the way for the "future of connectivity".

Bamatraf was speaking at 5G MENA 2019 in Dubai where he highlighted Etisalat’s investments and focus on enhancing and building one of the most advanced networks in the region.

“We are stepping into an era, which marks the revolution of intelligent connectivity underpinned by ubiquitous and hyper connectivity. This term is used to describe the powerful combination of flexible, high-speed 5G networks, the Internet of Things (IoT) and Artificial Intelligence (AI). This will have a significant and profound change on individuals, industries, society and the economy, transforming how we live and work,” he said.

Etisalat said earlier this month that its 5G network is ready, adding that the first 5G devices are likely to arrive in the UAE in June.

Bamatraf said Etisalat was the first operator to have a fully developed commercial 5G network available to provide gigabit internet services to its customers.

The network will fuel enterprises digital transformation, IoT, smart cities and the fourth industrial revolution, he noted.

He added that Etisalat’s network will also provide the most advanced digital and telecom services to Expo 2020 Dubai and its millions of visitors, supporting an expected 300,000 users on peak days.

“Etisalat’s network and infrastructure will be ready to provide the service as soon as the 5G mobile handsets are available in UAE. We are aiming to build 1,000 5G towers across the UAE during 2019 to enable 5G coverage,” he added.

With majority of 5G deployments to be implemented by 2020 globally, industry estimates indicate a projection of 1.5 billion 5G subscriptions by the end of 2024.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EMIRATES TELECOMMUNICATION
04/24EMIRATES TELECOMMUNICATIONS GROP : Oppo launches Reno Series, targets new market..
AQ
04/24EMIRATES TELECOMMUNICATIONS GROP : Net profit climbs 5% at Etisalat
AQ
04/24EMIRATES TELECOMMUNICATIONS GROP : NCC Declares 63.2% SIM Registrations Invalid
AQ
04/23EMIRATES TELECOMMUNICATIONS GROP : Oppo launches Reno Series, targets new market..
AQ
04/23EMIRATES TELECOMMUNICATIONS GROP : Etisalat rings in AED 2.2b first-quarter prof..
AQ
04/23EMIRATES TELECOMMUNICATIONS GROP : Etisalat Group posts $598m net profit for Q1
AQ
04/23EMIRATES TELECOMMUNICATIONS GROP : Etisalat's Q1 profit rises 5%
AQ
04/23EMIRATES TELECOMMUNICATIONS GROP : Etisalat agrees to release $800 million pendi..
AQ
04/23EMIRATES TELECOMMUNICATIONS GROP : Etisalat profit rises 5% to Dh2.2b as subscri..
AQ
04/23EMIRATES TELECOMMUNICATIONS GROP : Etisalat Group reports net profit of AED2.2 b..
AQ
More news
Financials (AED)
Sales 2019 53 202 M
EBIT 2019 18 791 M
Net income 2019 8 762 M
Finance 2019 7 535 M
Yield 2019 5,13%
P/E ratio 2019 16,07
P/E ratio 2020 15,91
EV / Sales 2019 2,58x
EV / Sales 2020 2,46x
Capitalization 145 B
Chart EMIRATES TELECOMMUNICATIONS GROP CO PJSC
Duration : Period :
Emirates Telecommunications Grop Co PJSC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EMIRATES TELECOMMUNICATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 17,2  AED
Spread / Average Target 3,6%
EPS Revisions
Managers
NameTitle
Saleh Adbullah Al-Abdooli Chief Executive Officer
Eissa Mohamed Al-Suwaidi Chairman
M. M. Serkan Okandan Group Chief Financial Officer
Sabri Ali Yahya Chief Information Officer
Hatem Bamatraf Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
EMIRATES TELECOMMUNICATIONS GROP CO PJSC-1.77%39 405
VERIZON COMMUNICATIONS1.65%236 146
DEUTSCHE TELEKOM AG0.03%80 098
NIPPON TELEGRAPH AND TELEPHONE CORP1.61%79 920
SAUDI TELECOM COMPANY SJSC--.--%61 443
TELEFONICA0.05%43 276