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Financial Highlights

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Financial Highlights for Q3 2020

  • Aggregate subscriber base reached 149 million, representing a year over year increase of 1%;
  • Consolidated revenue for the third quarter of 2020 amounted to AED 13.0 billion, representing an increase of 0.5% year over year;
  • Consolidated EBITDA for the third quarter of 2020 amounted to AED 6.9 billion, representing an increase of 2% year over year and resulting in EBITDA margin of 53%, 1 percentage point higher than the prior year;
  • Consolidated net profit after Federal Royalty amounted to AED 2.4 billion, representing a 6% increase year over year and resulting in a net profit margin of 18%; and
  • Consolidated capital spending decreased by 17% to AED 1.5 billion, representing 12% of the consolidated revenues.
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Key Developments in Q3 2020

  • Etisalat Group continued to prioritize employee and customer safety and remained committed to providing reliable broadband connectivity in support of its communities during the pandemic;
  • Etisalat enabled access to 5G fixed services to its customers in the UAE;
  • Etisalat partnered with Ericsson to connect to its charging system and 5G business support systems supporting new use cases including IoT, network slicing, AR and VR;
  • Dubai International Financial Centre collaborated with Etisalat to deploy innovative technologies for an advanced telecom infrastructure, high speed internet and superior mobile connectivity;
  • Etisalat Digital partnered with seven global emerging companies in AREA 2071 to develop innovative solutions that adopt advanced technology;
  • Etisalat partnered with Synamedia and launched Switch TV, a new cloud-based direct-to-consumer video streaming service;
  • Etisalat partnered with technology services firm Smartworld to create Shahada, a blockchain-based credential solution targeted towards educational institutions in the UAE;
  • Etisalat launched e-store, a free website builder and part of the Business Edge portfolio for SMB customers to transform their businesses online;
  • Etisalat unveiled a dedicated microsite emiratiya.ae featuring women's notable achievements on an interactive virtual UAE map, in celebration of Emirati Women's Day;
  • Etisalat exclusively launched the HTC 5G Hub in the UAE, a smart innovative mobile distributor that secures a fifth-generation connection speed at home, work or anywhere the user desires; and
  • PTCL and Telenor Microfinance Bank signed an agreement to expedite the bank’s digital transformation journey, including provision of physical and virtual data center hosting services.
Key Figures

Etisalat's financial and corporate information in one click

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