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ABU DHABI / WAM
Etisalat Group on Tuesday announced its consolidated financial statements for the three months ending March 1, 2016, registering a rise in revenues to AED12.9bn.
Saleh Al Abdooli, Chief Executive Officer of Etisalat Group, said, “Etisalat’s first quarter results are a continuation of the strong performance the company has achieved over the years. Despite a challenging set of circumstances facing the telecoms industry today, Etisalat Group continues to deliver strong performance and value for its shareholders and customers.â€
He continued, “The telecommunication industry today is notable by a dynamic that is evolving very rapidly. In order to maintain our long-term growth and track record of performance and achievement moving forward, we must ensure we remain fit-for-purpose. This means delivering the innovative solutions necessary to sustain and further enhance our position as a leading operator in emerging markets. Innovations such as the Internet of Things and the Cloud, as well as vertical digital solutions, are no longer vague concepts, but are the basis of an exciting and prosperous future that will determine our long-term profitability.
“As the world changes, so must we as a company. The most effective businesses never stand still. They continually adapt to ensure long-term success. The current internal re-structuring of Etisalat Group is best business practice, designed to accelerate its strategic implementation, improving and enhancing overall performance, optimising efficiency and improving operating model effectiveness, enhancing our customer experience and further optimising OpCos (operating company), networks and platforms synergies, as well as accelerating the launch of digital services.
“Our history is distinguished by bold, yet prudent decisions, which have enabled us to grow and develop. We will use our experience and expertise to provide added value for our shareholders and continue to deliver the innovative services our customers demand and require,†he added.