About Company History
Etisalat Group is one of the world’s leading telecom groups in emerging markets. Etisalat’s current market cap is AED 148 billion ($40.3billion). The company’s consolidated net revenues are at AED 52.4 billion & consolidated net profit at AED 8.6 billion in 2018. Its high credit ratings reflect the company’s strong balance sheet & proven long-term performance. Headquartered in Abu Dhabi, Etisalat was established over four decades ago in the UAE as the country’s first telecommunications service provider. An international blue-chip organisation, Etisalat provides innovative solutions and services to 141 million subscribers in 15 countries across the Middle East, Asia and Africa. Etisalat Group’s vision ‘Driving the Digital Future to empower societies’ aims at providing best-in-class total customer experience domestically and internationally, deliver attractive returns to shareholders while investing in the long-term future of the company, and supporting economic development in all our operating markets. Etisalat is ranked as the ‘The Most Valuable Portfolio Brand’ in Middle East and North Africa (MENA) by Brand Finance, and has become the first Middle East group to break the $10 billion barrier in terms of wider portfolio value. Today Etisalat boasts of a portfolio of brands such as Etisalat Misr,Mobily, Ufone,Maroc Telecom,PTCL & Etisalat Afghanistan A major milestone for Etisalat in early May 2018 was the launch of the first commercial 5G wireless network in the UAE becoming the first telecom operator in the Middle East & North Africa (MENA) region to achieve this technological milestone with Expo 2020 becoming the first commercial customer in the same year. Etisalat Group has captured significant market share as it expands across Africa, Asia and the Middle East, most notably in Egypt and Saudi Arabia, where the introduction of innovative mobile broadband services has changed market dynamics and provided affordable mobile internet access for millions of people.