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MarketScreener Homepage  >  Equities  >  ABU DHABI SECURITIES MARKET  >  Emirates Telecommunications Group Company PJSC    ETISALAT   AEE000401019

EMIRATES TELECOMMUNICATIONS GROUP COMPAN

(ETISALAT)
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Emirates Telecommunications Grop : UAE's Etisalat says first to provide 5G at international airport

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06/13/2019 | 05:36am EDT

Abu Dhabi-based Etisalat has become the first mobile operator in the Middle East and North Africa to provide 5G coverage inside an international airport.

The Midfield Terminal Building (MTB), Abu Dhabis new international airport, will become the first airport terminal in the region to benefit from ultra-high speed connectivity.

The deployment is based on C-Band, a first-of-its-kind in 5G digital indoor technology delivering gigabit per second download speeds, Etisalat said in a statement.

This achievement has been enabled by efficient collaboration and co-ordination between Etisalat and Abu Dhabi Airports to deliver the 5G network at the MTB before its official opening, it added.

Saeed Al Zarouni, senior vice president, Mobile Network, Etisalat, said: We are very glad to activate 5G in Abu Dhabis new international airport... Etisalat is working closely with smartphone brands to launch their devices on our 5G network as well as in the MENA region.

Bryan Thompson, CEO of Abu Dhabi Airports, added: We are delighted to have had the opportunity to work with Etisalat to incorporate state-of-the-art 5G connectivity at our Midfield Terminal Building. We value our customers first and foremost, and access to fast cellular service is a crucial factor that makes a big difference for travelers from around the world.

Etisalat said it is aggressively expanding its 5G footprint in the country with the installation of 1,000 mobile sites underway by the end of 2019.

(c) 2019 South Sudan News Agency. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (AED)
Sales 2019 51 974 M
EBIT 2019 13 888 M
Net income 2019 8 923 M
Finance 2019 3 161 M
Yield 2019 5,22%
P/E ratio 2019 16,0x
P/E ratio 2020 15,7x
EV / Sales2019 2,69x
EV / Sales2020 2,44x
Capitalization 143 B
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Mean consensus HOLD
Number of Analysts 9
Average target price 17,83  AED
Last Close Price 16,44  AED
Spread / Highest target 24,1%
Spread / Average Target 8,42%
Spread / Lowest Target -5,72%
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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
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