Teletimes April 2011.pdf

Teletimes April 2011.pdf Teletimes April 2011.pdf

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Etisalat general assembly approves dividends at 60% The General Assembly of Etisalat has approved the recommendation of the Board of Directors to distribute dividends at 35% of nominal share value for the second half of 2010. This makes the total dividend awarded by Etisalat in 2010 to be 60%. Mohammad Omran commented: “On behalf of Etisalat board members, I would like to thank the leadership of the UAE and the UAE government for their significant ongoing efforts to continue to enhance the leading position of the UAE, and also for their ongoing strives to support the technology and ICT sector in the UAE, particularly through its advanced laws and regulations.” “Further to our efforts to include our shareholders in the benefits, we have proposed a final dividend of AED 0.35 per share, bringing the total dividends for the year to AED 0.60, in line with our policy in previous years. This represents a dividend yield of 6% at the year-end stock price. We are pleased that total share returns for the 12-month period ended December 31, 2010, including capital gains and dividends, were a healthy 13%.” “This year Etisalat has witnessed positive growth in new customer acquisition and revenues. In Egypt, for example, Etisalat Misr celebrated its 15 million customer milestone, and the subsidiary reached break-even point after only three years of operations. Among consolidated operations where we exercise management control, the customer base has increased by 30% while revenues increased 46%. It is notable that our international operations make up 23% of the Group’s top-line results.” Omran discussed Etisalat’s financial position, commenting: “In line with past years, Etisalat has maintained its very strong cash position, a strategy that is especially relevant given the recent state of financial turmoil worldwide. Our healthy balance sheet has served as a cushion against the recent financial shocks, and allowed us to comfortably finance our operations and capital investments. As a testament to our financial health, we maintained our investmentgrade credit rating and positive outlook from the three major credit rating agencies.” “The growth was offset though by the revenue and earnings decline in our flagship UAE operation – which is natural and expected as our home market has entered an advanced stage of saturation and maturity. As a result, mobile and fixed services witnessed a modest decline in operations. Etisalat UAE management has taken proactive measures to meet this new challenge,” he continued. When discussing technology advancements, Omran commented: “We carried on our strategy of investing rationally in our network infrastructure to capture organic demand within AED 5.8 billion in capital expenditure. Notably, we continued to invest in our country-wide fibreoptic network as part of our commitment to keep the UAE at the global forefront of stateof-the-art telecommunication services.” Omran then went into details about Etisalat’s acquisition strategy, saying: “The corporation maintained its prudent approach to evaluating acquisition opportunities that are in line with its strategy to expand internationally and add value to its operations portfolio, as well as several strategic stake increases to our existing assets.” Nasser Bin Obood, Acting Chief Executive Officer, Etisalat, commented: “Etisalat continued its strong track record given the challenges during 2010, exhibiting strong performance in the period under review. We are confident that Etisalat is poised to dynamically adapt to the evolving industry landscape and our business environment.” “In general, the global telecommunications industry witnessed a slowdown due to various conditions that impacted an already highly saturated UAE market, where penetration levels are the highest in the region. This consequently affected overall performance. In response to this effect Etisalat has been working on innovating new packages and services such as valueadded and broadband services, which should lead to balancing revenues and profits.” “That being said, Etisalat faced local competition under scrupulous regulations, including increasing pressure on international tariffs from competition and Voice over Internet Protocol (VoIP) usage. The market also witnessed competition in mobile data, with a focus on smart phones, which led to voice revenue disruption in favour of data revenues – a natural phenomenon in light of the technological advancement and introduction of a new generation of services and handset equipment, continued Bin Obood. T 40 www.teletimesinternational.com 15Apr - 14May 2011

Etisalat infrastructure enables the future of E-Education Etisalat offers a vision of next generation learning at MENA ICT in Damascus The Etisalat Group’s Senior Vice President for Corporate Communications, Ahmed bin Ali, today presented a vision for the future of education in the Middle East region. Providing several examples of how technology is empowering tens of thousands of students located in the UAE and Etisalat’s other 17 international markets, Ahmed bin Ali alerted the delegates of the MENA ICT Forum that the education is now intrinsically linked to technology. Ahmed bin Ali, Group Senior Vice President Corporate Communications at Etisalat said: “The youth of today are using electronic media more than any other source of knowledge. The fact is, even if schools do not provide electronic teaching resources students will still proactively use the Internet, social media and electronic books to learn. Traditional learning techniques and schools without an E-Education framework are on the verge of being consigned to the very history books that they try to teach from. This makes fiber optic networks and 4G mobile broadband key technologies to be promoted by regional governments in the coming decade.” Ahmed addressed hundreds of senior government officials and senior representatives of public and private sector companies from across the Middle East in panel which he shared with other leading proponents of e-learning. This took place at the third annual MENA ICT Conference which this year took place in Damascus, Syria Etisalat addresses Etisalat’s Group Senior Vice President Ahmed bin Ali has addressed the 4th COMESA Investment Forum which took place today at the Madinat Jumeirah in Dubai. The conference was attended by a number of dignitaries and Ministers from the UAE and across the African continent as well as business leaders and investors from the region. During the opening keynote panel Ahmed bin Ali presented the case for Etisalat’s ongoing investment and expansion across the continent which began in 1999. Bin Ali explained: “Mobile telephony will continue to be the key enabler for both individual customers and businesses in Africa. The continent is currently witnessing tremendous growth and there is potential both to acquire new, first time customers and also to provide value added services and broadband,” he said. Bin Ali went onto discuss the positive experience Etisalat and which was organized by The Arab ICT Organization (IJMA3). This year MENA ICT was held in conjunction with in cooperation with the World IT and Services Alliance (WITSA), the Syrian Computer Society (SCS), and United Nations ESCWA organization. The Etisalat Group is working with education providers in the UAE to provide access to new learning tools. In particular, the UAE’s National Research and Education Network (NREN) which is also known as ‘Ankobut’ provides dedicated Internet access for higher education 4th COMESA Investment Forum in Dubai has had in the emerging markets of Africa such as Egypt, Sudan and Tanzania. In Sudan, Etisalat has expanded its fiber optic network inside Khartoum and introduced a new internet gateway which has attracted new corporate customers in the oil, banking and education sectors. It is also providing International Services and Wholesale capacity to other operators empowered by its submarine cable landing station at Port Sudan. Etisalat’s Egyptian providers and a connection to international research networks to enable a greater level of participation from the UAE in global research initiatives. Etisalat is also making efforts to proliferate mobile learning tools through workshops with leading establishments and partnerships with innovative e-education companies. Etisalat’s subsidiaries in Nigeria, Sri Lanka and Pakistan offer clear examples of the Etisalat Group’s commitment to education. In West Africa, Etisalat has adopted several schools and is helping to enhance the learning infrastructure there. In Asia, Etisalat subsidiaries are creating Etisalat Knowledge Centres and providing access to educational materials at the Grassroots level. It is also working with leading multinationals to create opportunities for research and development through a Centre for Excellence for Internet Technologies. T operations have accrued over 15 million customers in less than four years despite it being the third entrant to the Egyptian market. Building on these successes Etisalat has extended it services in more African countries including Nigeria, Benin, Burkina Faso, Niger, Togo, Gabon, Central Africa and the Ivory Coast. It now employs over 6,000 people who provide services to around 35 million mobile subscribers across these markets. T 15Apr - 14May 2011 www.teletimesinternational.com 41

Etisalat infrastructure enables the future of E-Education<br />

Etisalat offers a vision of next generation learning at MENA ICT in Damascus<br />

The Etisalat Group’s<br />

Senior Vice President for<br />

Corporate Communications,<br />

Ahmed bin Ali, today presented<br />

a vision for the future of<br />

education in the Middle East<br />

region. Providing several<br />

examples of how technology is<br />

empowering tens of thousands<br />

of students located in the<br />

UAE and Etisalat’s other 17<br />

international markets, Ahmed<br />

bin Ali alerted the delegates of<br />

the MENA ICT Forum that the<br />

education is now intrinsically<br />

linked to technology.<br />

Ahmed bin Ali, Group Senior<br />

Vice President Corporate<br />

Communications at Etisalat<br />

said: “The youth of today<br />

are using electronic media<br />

more than any other source<br />

of knowledge. The fact is,<br />

even if schools do not provide<br />

electronic teaching resources<br />

students will still proactively<br />

use the Internet, social media<br />

and electronic books to learn.<br />

Traditional learning techniques<br />

and schools without an<br />

E-Education framework are on<br />

the verge of being consigned<br />

to the very history books that<br />

they try to teach from. This<br />

makes fiber optic networks<br />

and 4G mobile broadband key<br />

technologies to be promoted<br />

by regional governments in the<br />

coming decade.”<br />

Ahmed addressed hundreds of<br />

senior government officials and<br />

senior representatives of public<br />

and private sector companies<br />

from across the Middle East<br />

in panel which he shared with<br />

other leading proponents of<br />

e-learning. This took place at<br />

the third annual MENA ICT<br />

Conference which this year<br />

took place in Damascus, Syria<br />

Etisalat addresses<br />

Etisalat’s Group Senior Vice<br />

President Ahmed bin Ali has<br />

addressed the 4th COMESA<br />

Investment Forum which took<br />

place today at the Madinat<br />

Jumeirah in Dubai. The<br />

conference was attended by<br />

a number of dignitaries and<br />

Ministers from the UAE and<br />

across the African continent<br />

as well as business leaders and<br />

investors from the region.<br />

During the opening keynote<br />

panel Ahmed bin Ali presented<br />

the case for Etisalat’s ongoing<br />

investment and expansion<br />

across the continent which<br />

began in 1999.<br />

Bin Ali explained: “Mobile<br />

telephony will continue<br />

to be the key enabler for<br />

both individual customers<br />

and businesses in Africa.<br />

The continent is currently<br />

witnessing tremendous growth<br />

and there is potential both<br />

to acquire new, first time<br />

customers and also to provide<br />

value added services and<br />

broadband,” he said.<br />

Bin Ali went onto discuss the<br />

positive experience Etisalat<br />

and which was organized by<br />

The Arab ICT Organization<br />

(IJMA3). This year MENA ICT<br />

was held in conjunction with in<br />

cooperation with the World IT<br />

and Services Alliance (WITSA),<br />

the Syrian Computer Society<br />

(SCS), and United Nations<br />

ESCWA organization.<br />

The Etisalat Group is working<br />

with education providers in<br />

the UAE to provide access<br />

to new learning tools. In<br />

particular, the UAE’s National<br />

Research and Education<br />

Network (NREN) which is<br />

also known as ‘Ankobut’<br />

provides dedicated Internet<br />

access for higher education<br />

4th COMESA Investment Forum in Dubai<br />

has had in the emerging<br />

markets of Africa such as<br />

Egypt, Sudan and Tanzania. In<br />

Sudan, Etisalat has expanded<br />

its fiber optic network inside<br />

Khartoum and introduced a<br />

new internet gateway which<br />

has attracted new corporate<br />

customers in the oil, banking<br />

and education sectors. It is<br />

also providing International<br />

Services and Wholesale<br />

capacity to other operators<br />

empowered by its submarine<br />

cable landing station at Port<br />

Sudan. Etisalat’s Egyptian<br />

providers and a connection to<br />

international research networks<br />

to enable a greater level of<br />

participation from the UAE<br />

in global research initiatives.<br />

Etisalat is also making efforts<br />

to proliferate mobile learning<br />

tools through workshops with<br />

leading establishments and<br />

partnerships with innovative<br />

e-education companies.<br />

Etisalat’s subsidiaries in<br />

Nigeria, Sri Lanka and Pakistan<br />

offer clear examples of the<br />

Etisalat Group’s commitment<br />

to education. In West<br />

Africa, Etisalat has adopted<br />

several schools and is helping<br />

to enhance the learning<br />

infrastructure there. In Asia,<br />

Etisalat subsidiaries are<br />

creating Etisalat Knowledge<br />

Centres and providing access<br />

to educational materials at<br />

the Grassroots level. It is<br />

also working with leading<br />

multinationals to create<br />

opportunities for research and<br />

development through a Centre<br />

for Excellence for Internet<br />

Technologies. T<br />

operations have accrued over<br />

15 million customers in less<br />

than four years despite it<br />

being the third entrant to the<br />

Egyptian market.<br />

Building on these successes<br />

Etisalat has extended it<br />

services in more African<br />

countries including Nigeria,<br />

Benin, Burkina Faso, Niger,<br />

Togo, Gabon, Central Africa<br />

and the Ivory Coast. It now<br />

employs over 6,000 people<br />

who provide services to around<br />

35 million mobile subscribers<br />

across these markets. T<br />

15Apr - 14May 2011<br />

www.teletimesinternational.com<br />

41

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