Q3 profit up 5.7% for Etisalat

UAE-based telecoms group Etisalat has posted revenues of AED13.0 billion (USD3.5 billion) for the third quarter of 2020, up from AED12.9 billion in the year-ago period. Sales in its domestic market fell 3% year-on-year to AED7.5 billion. Consolidated EBITDA was up 2% to AED6.9 billion, while group profit rose 5.7% to AED2.4 billion. Etisalat claimed 12.1 million subscribers in the UAE at the end of September, while the group as a whole served 149 million customers across the Middle East, Africa and Asia.