Etisalat revenues up

The UAE’s dominant telecoms provider Etisalat has announced its financial results for the first nine months of the year. Revenues were up 22% year-on-year to AED7.78 billion, while operating profit increased 19% to AED3.05 billion. The number of fixed lines in service rose 4% to 1.22 million, while mobile subscriptions were up 23% to 4.3 million and internet accounts grew 20% to 470,000. Etisalat’s chairman and CEO, Mohammad Hassan Omran, commented: “We are at the threshold of a whole new era in the Corporation’s existence, with the advent of competition in our home market, and our significant international expansion, and these results are testament to the success of our new strategy and direction for the company.”