Posts tagged ‘Etisalat’
UAE-based operator Etisalat has signed an agreement to sell Apple’s iPhone 3G mobile phone in the United Arab Emirates from later this month. The operator will simultaneously launch the device in Saudi Arabia through its operator there, Mobily. The iPhone 3G, available in 8GB and 16GB models, is already available in some countries in the Middle East, through agreements with Vodafone and Orange affiliates.
United Arab Emirates telco Etisalat has announced its consolidated annual net profit rose by 18.7% to AED8.7 billion (USD2.36 billion) during 2008 when compared to its 2007 net income of AED7.3 billion. Mohammed Khalfan Al Qamzi, CEO of Etisalat, said the improvement was due to an increase in subscribers at home and abroad; at the end of 2008, the company’s wireless subscriber base in the UAE increased to 7.3 million, a rise of 14% compared to the end of 2007, fixed line subscribers rose by 3% to 1.36 million and internet subscribers grew by 31% to 1.15 million. The company also reported its 2008 net revenues increased by 22% to AED26.1 billion when compared with the previous year. Chairman Mohammed Hassan Omran said ‘Acquiring new licences in Iran and India provides us with significant growth opportunities, and will support the development of our company for many years to come.’ Etisalat said it plans to invest USD1 billion in its first year of operations in Iran, after winning the country’s third mobile telephone licence in January.
However, while net profit increased when compared to the previous year, Reuters reported the telco’s fourth quarter net profit fell by 19.3% year-on-year to AED1.42 billion. Reuters calculated the quarterly data from previous financial statements, as Etisalat’s preliminary annual report did not provide quarterly breakdowns.
Mobily (Etihad Etisalat), Saudi Arabia’s second largest mobile operator by subscribers, reported a 51% increase in net profit year-on-year for the fourth quarter of 2008. Net profit for the three months to 31 December 2008 was SAR778 million (USD207.5 million), while net profit for the full year was SAR2.09 billion, up from SAR1.38 billion in 2007, on the back of ‘a rise in the number of subscribers, minutes of communications and an increase in demand for broadband services,’ it said. Emirates Telecommunications Corp (Etisalat) has a 26.25% stake in Mobily.
Etisalat has said that it expects to launch mobile services in Iran within six to nine months. Etisalat holds a 49% stake in the consortium that acquired the country’s third mobile licence for USD399 million. Its local partner is Tameen Telecom, an Iranian public sector investment fund. Although the licence was relatively cheap, Etisalat has said it plans to spend USD1 billion on its Iranian network. The operator also secured the right to be the exclusive 3G operator for two years, and according to company executives it is likely to offer HSDPA services from the outset. Etisalat will capitalise on its ability to offer data services without any competition from Iran’s other two mobile operators and aims to take significant market share within a short period of operation.
The subscriber base of United Arab Emirate’s two wireless operators, Etisalat and Du, has continued to grow in the fourth quarter of 2008, ArabianBusiness reports. Etisalat reported an estimated 7.3 million users at the end of December, up from 6.37 million a year earlier. Fixed line subscribers increased from 1.32 million at the end of 2007 to 1.38 million by December 2008, a market share of 84%. The company is forecasting a 28.2% rise in net income in 2008 to USD2.5 billion, although it has yet to publish its official results. However, Etisalat’s market share has decreased from 77.24% in September 2008 to 74% at the end of December 2008, while rival Du increased its share from 22.76% to 26% in the same time period. At the end of 2008 Du had an estimated 3.05 million subscribers, up from 2.07 million a year earlier. Du’s revenue is also expected to have grown by 8.6% in 2008, boosted by strong mobile revenue growth.
New BlackBerry Curve 8900 is the thinnest BlackBerry smartphone.
BlackBerry Pearl Flip is the first flip phone from RIM.
Etisalat and Research In Motion (RIM) today announced the launch of the new BlackBerry Curve 8900 and BlackBerry Pearl Flip 8220 smartphones in the United Arab Emirates (UAE).
The BlackBerry Curve 8900 smartphone delivers a sleek twist on a classic style and is the thinnest BlackBerry smartphone on the market. In addition providing exceptional communications and multimedia features, this model includes built-in Wi-Fi and GPS, a faster processor (512Mhz) and a dazzling hi-resolution display. The new BlackBerry Curve 8900 enables users to remain productive, entertained and connected to friends, family and the office wherever they go.
In addition, its advanced multimedia capabilities include a 3.2-megapixel camera with image stabilization, digital zoom, flash and the ability to record video. It comes with a rich media player, 3.5mm stereo headset jack, headset and a hot-swappable microSD/SDHC memory card slot. A 256MB card is included and it supports memory cards of up to 16GB, enabling customers to carry, capture and enjoy more of their music, pictures and video on the go.
On the flipside, the BlackBerry Pearl Flip smartphone maintains the popular features and benefits of the BlackBerry Pearl series smartphones, plus it packs numerous enhancements into its sleek flip design. The spacious SureType keyboard allows easy typing and dialing while the flip design opens to a large, vibrant internal display and provides the satisfying finality of ending a call by closing the phone. Customers will also appreciate the external display for previewing calendar reminders, email, text messages and phone calls at a glance.
The BlackBerry Pearl Flip smartphone also boasts an advanced multimedia experience including a 2 megapixel camera with digital zoom, flash and video recording, stereo Bluetooth support and an easily accessible expandable memory card slot for up to 16GB of additional storage per card.
Abdulla Hashim, VP of Business Solutions at Etisalat said, “The launch of these new smartphones offers an even wider choice to our customers with an unbeatable combination of great design and exceptional features.”
Khaled Kefel, General Manager of RIM in the Middle East added, “The BlackBerry Curve 8900 and the BlackBerry Pearl Flip 8220 both harness the power of the industry leading BlackBerry platform to give users everything they need to stay connected, productive and entertained. RIM is delighted to work with Etisalat in the UAE to launch these two impressive smartphones.”
Both models are now available in all Etisalat retail outlets and business centres in the UAE, offering customers the convenience of instalment plans on a one- or two-year contract.
Etihad Etisalat (Mobily), Saudi Arabia’s second-largest mobile phone operator beat analysts’ fourth-quarter earnings forecasts due to higher revenues from voice and data services.
Mobily made 778 million riyals ($207.5 million) in the three months to Dec. 31, 51 percent higher than the 514.4 million riyals ($137.2 million) it made a year-earlier, the firm said in a statement posted on the bourse’s website.
Analysts forecast of Mobily’s fourth-quarter earnings ranged from 458 million riyals ($122.15 million) to 605.6 million riyals ($161.52 million), according to a Reuters survey.
The affiliate of Emirates Telecommunications Corp made a net profit of 2.09 billion riyals in 2008 up from 1.38 billion riyals in 2007 after its turnover rose 27.9 percent. The rise in 2008 turnover stemmed from “a rise in the number of subscribers, minutes of communications and an increase in demand for broadband services,” it said.
Earnings per share rose to 4 riyals ($1.07) in 2008 from 2.64 riyals ($0.70) the previous year. The company will give its shareholders a dividend of 0.75 riyal ($0.2) per share for 2008.
Mobily competes with Saudi Telecom Co, the largest Arab telecom firm by market value, for mobile phone and broadband users in the kingdom, home to 25 million people. The company posted a worse-than-expected 62 percent fall in Q4 results on Tuesday.
Zain Saudi Arabia, an affiliate of Kuwait’s Mobile Telecommunications Co (Zain), started operating a third mobile phone network in the third quarter of 2008.
Mobile phone penetration in the largest Arab economy exceeds 100 percent.
Emirates Telecommunications Corp owns 26.25 percent in Mobily, having sold an 8.74 percent stake in the firm at 55 riyals per share last year.