Company Insights Etisalat / e& Telecoms Etisalat / e& News Tech UAE’s e& ends talks with Saudi’s Mobily on stake increase The UAE’s e&, the telecommunications company formerly known as Etisalat, has terminated talks on a possible increase in its holding in Saudi-listed Etihad Etisalat Company (Mobily). “Following a period of engagement, a way forward to conclude the potential transaction could not be determined,” the telco said in a statement published on the Abu Dhabi stock […] December 29, 2023 Industry e& unit buys Norway’s telecoms subsidiary in Pakistan e&, formerly known as Etisalat, said its subsidiary in Pakistan will acquire a 100 percent stake in Norway telecom-owned Telenor Pakistan Private Limited. The transaction has an enterprise value of PKR108 billion ($380.95 million) on a cash-and-debt-free basis, the Abu Dhabi-listed telco said in a statement. e& holds a 23.4 percent stake in Pakistan Telecommunication […] December 15, 2023 Tech e& completes deal to buy stake in Careem super-app e&, formerly known as Etisalat, has completed the acquisition of a 50.03 percent stake in Careem Technologies for $400 million. The investment is part of the Emirati telco’s strategy to scale up its consumer digital offering and accelerate its transformation to a global technology group, the company said in a statement published on the Abu Dhabi […] December 10, 2023 Opinion Employment Clocking off: the pros and cons of a four-day week A shorter working week can boost productivity but will companies take the plunge? December 7, 2023 Finance Royalty levy change is ‘non-event’ for UAE telcos Changes to the way royalties are levied on the UAE’s telecom operators will make little difference to their earnings, the companies affected say. This week, Emirates Telecommunications Group Co, which rebranded as e& and is widely known as Etisalat, announced that for the three years starting January 1 2024 it will pay a royalty of […] November 9, 2023 Tech UAE telco e&’s profit surges 20% on higher revenue Telecoms giant e& (formerly Etisalat) reported a 20 percent year-on-year increase in net profit for the third quarter of 2023 as revenue rose and its subscriber base reached an all-time high. Earnings reached AED3 billion ($810 million) in the July-September quarter, compared to AED2.5 billion a year earlier. Revenue edged up three percent year on […] November 1, 2023 Video length: 3:34 VIDEO Tech New sectors to drive e& growth as telecoms becomes ‘saturated’ UAE tech and telecoms company e& – formerly Etisalat – is looking at more acquisitions in the GCC as well as Africa and Eastern Europe. “We are in processes as we speak,” said Salvador Anglada, CEO of e& enterprise, during an exclusive roundtable at Gitex. The telecoms major rebranded from Etisalat last year to become […] October 20, 2023 Analysis Tech Investors turn to data centres in Gulf and Mena tech push Investor appetite for data centres in the Middle East is soaring as the region, particularly the Gulf, accelerates its digital transformation. Experts say they are seeing increased levels of investment and interest from international operators, who are looking to capitalise on the region’s growing need for data processing and storage. Earlier this year the Saudi […] October 12, 2023 Gitex Tech Clarification: Careem ‘not exploring’ partnerships with China’s Trip.com Careem has clarified that it is not in official discussions with China’s largest online travel company Trip.com Group to offer its services on its app. Established in Dubai in 2012 offering a ride-hailing service, Careem has grown to what it calls a “Super App”, offering a range of services from local and global companies including […] October 11, 2023 Analysis Markets Risk-averse Gulf telecom companies look to Europe Following myriad lacklustre investments in Asia and Africa, some former telecom monopolies in the Gulf are now buying minority stakes in long-established operators in Europe to provide lower-risk, dividend-based returns. STC Group, previously known as Saudi Telecom Co and majority-owned by the kingdom’s Public Investment Fund, this week revealed it had spent 2.1 billion euros […] September 8, 2023 Posts navigation Previous 1 … 3 4 5 … 8 Next
Tech UAE’s e& ends talks with Saudi’s Mobily on stake increase The UAE’s e&, the telecommunications company formerly known as Etisalat, has terminated talks on a possible increase in its holding in Saudi-listed Etihad Etisalat Company (Mobily). “Following a period of engagement, a way forward to conclude the potential transaction could not be determined,” the telco said in a statement published on the Abu Dhabi stock […] December 29, 2023
Industry e& unit buys Norway’s telecoms subsidiary in Pakistan e&, formerly known as Etisalat, said its subsidiary in Pakistan will acquire a 100 percent stake in Norway telecom-owned Telenor Pakistan Private Limited. The transaction has an enterprise value of PKR108 billion ($380.95 million) on a cash-and-debt-free basis, the Abu Dhabi-listed telco said in a statement. e& holds a 23.4 percent stake in Pakistan Telecommunication […] December 15, 2023
Tech e& completes deal to buy stake in Careem super-app e&, formerly known as Etisalat, has completed the acquisition of a 50.03 percent stake in Careem Technologies for $400 million. The investment is part of the Emirati telco’s strategy to scale up its consumer digital offering and accelerate its transformation to a global technology group, the company said in a statement published on the Abu Dhabi […] December 10, 2023
Opinion Employment Clocking off: the pros and cons of a four-day week A shorter working week can boost productivity but will companies take the plunge? December 7, 2023
Finance Royalty levy change is ‘non-event’ for UAE telcos Changes to the way royalties are levied on the UAE’s telecom operators will make little difference to their earnings, the companies affected say. This week, Emirates Telecommunications Group Co, which rebranded as e& and is widely known as Etisalat, announced that for the three years starting January 1 2024 it will pay a royalty of […] November 9, 2023
Tech UAE telco e&’s profit surges 20% on higher revenue Telecoms giant e& (formerly Etisalat) reported a 20 percent year-on-year increase in net profit for the third quarter of 2023 as revenue rose and its subscriber base reached an all-time high. Earnings reached AED3 billion ($810 million) in the July-September quarter, compared to AED2.5 billion a year earlier. Revenue edged up three percent year on […] November 1, 2023
Video length: 3:34 VIDEO Tech New sectors to drive e& growth as telecoms becomes ‘saturated’ UAE tech and telecoms company e& – formerly Etisalat – is looking at more acquisitions in the GCC as well as Africa and Eastern Europe. “We are in processes as we speak,” said Salvador Anglada, CEO of e& enterprise, during an exclusive roundtable at Gitex. The telecoms major rebranded from Etisalat last year to become […] October 20, 2023
Analysis Tech Investors turn to data centres in Gulf and Mena tech push Investor appetite for data centres in the Middle East is soaring as the region, particularly the Gulf, accelerates its digital transformation. Experts say they are seeing increased levels of investment and interest from international operators, who are looking to capitalise on the region’s growing need for data processing and storage. Earlier this year the Saudi […] October 12, 2023
Gitex Tech Clarification: Careem ‘not exploring’ partnerships with China’s Trip.com Careem has clarified that it is not in official discussions with China’s largest online travel company Trip.com Group to offer its services on its app. Established in Dubai in 2012 offering a ride-hailing service, Careem has grown to what it calls a “Super App”, offering a range of services from local and global companies including […] October 11, 2023
Analysis Markets Risk-averse Gulf telecom companies look to Europe Following myriad lacklustre investments in Asia and Africa, some former telecom monopolies in the Gulf are now buying minority stakes in long-established operators in Europe to provide lower-risk, dividend-based returns. STC Group, previously known as Saudi Telecom Co and majority-owned by the kingdom’s Public Investment Fund, this week revealed it had spent 2.1 billion euros […] September 8, 2023
