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عربي

Emirates Telecommunications Corporation

   (ETISALAT.ADSM)
Also known as: Etisalat
Last Trade
9.37AED
+ 1.41%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: May 11, 2011
 
 
 
Country

UAE

Ownership Type
Company Type
Joint Stock
 
 
 
 
Principal Activities
Operates and manages GSM mobile and fixed telecommunication networks; provides Internet services; owns companies involved in providing mobile and fixed telecommunication services; providing telecommunication and information technology training and consulting services; cleaning and maintenance services; providing digital cable TV, pay-per-view, free to air channels and multimedia services; developing telecommunications infrastructure; offering telecommunication support services; offering smart card solutions; installation, maintenance, water transportation and storage of submarine cables; providing business consulting and directory services; developing and installing software solutions; offering data, voice and video communication services via the satellite; retail in computers, computer peripherals, telecommunication equipment and electronics.
 
Date of Establishment Year
1976 (January)
 
No of Employees
N/A Company, 50,000 Group (As of Apr 11, 2011)
 
Brands
Canar Etisalat Mobily
 
Moov Thuraya Tigo
 
Zantel    
 
Branches
Ajman (8) Abu Dhabi (2) Dubai
 
Sharjah Ras Al Khaimah  
 
Retail Outlets
Dubai (15) Sharjah (8) Abu Dhabi (7)
 
Service Centers
Abu Dhabi (13) Sharjah (8) Dubai (7)
 
Al Ain (5) Fujairah (4) Ras Al Khaimah (3)
 
Ajman (2) Um Al Quwain  
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Abu Dhabi SE  ETISALAT ETISALAT.ADSM Ordinary AED
 
 
Contact Details
Address:
Etisalat Building
Sheikh Rashid Bin Saeed Al Maktoum Street
P.O. Box 3838
Abu Dhabi 
United Arab Emirates
 
Tel:
+971 2-628-3333
+971 2-618-2091
 
Fax:
+971 2-633-4448
+971 2-631-7000
 
Email:
prd@etisalat.ae
 
Website:
www.etisalat.ae
 
Related Links:
www.emix.ae
www.xl.co.id
www.moov.com
www.nic.ae
www.thecontactcentre.ae
www.ptcl.com.pk
www.zantel.co.tz
www.etisalat.af
www.etisalat.lk

 
 
 Sukuk Details
Sukuk Name:
Etisalat Sukuk
Type of Structure:
Ijarah
Issue Size (mil):
1,000.00
 
 
 M&A Details
 
Acquistion
 
Status
Cancelled
 
Acquirer
 
Target
 
Announcement Date
29 Mar 2011
 
Closing Date
29 Mar 2011
 
 
 Business Overview
The Emirates Telecommunications Corporation (Etisalat) operates and manages GSM mobile and fixed telecommunication networks and provides Internet services directly and through its subsidiaries in the UAE and 18 countries across Asia, the Middle East and Africa.

Etisalat’s subsidiaries also provide telecommunication and IT training and consulting services, cleaning and maintenance services, digital cable TV, pay-per-view, free to air channels and multimedia services, telecommunications infrastructure development, water transportation and storage of submarine cables, business consulting and directory services, software solutions; and retail in computers, computer peripherals, telecommunication equipment and electronics.

Established in 1976 as the first mobile and fixed-line operator in the UAE, Etisalat’s 30-year monopoly was broken in 2005, when the Emirates Integrated Telecommunications Company (du)Emirates Integrated Telecommunications Company (du)Loading... won the license to become the second fixed-line and mobile operator in the country.

Etisalat increased its total group subscribers by 26% to 135 million, in 2010. However, in the UAE, the company’s mobile subscribers decreased by 0.25% annually, to 7.7 million; its fixed line subscribers dropped by 5.27% to 1.2 million and Internet subscribers decreased by 0.83% to 1.3 million.

The company’s 2010 profits decreased by 13.64% to AED7.63 billion (USD2 billion), while its revenues increased by 3.56% to AED32 billion (USD8.7 billion).
 
 
Zawya Industry Benchmarks  Yr 2009  Yr 2010  Change (%)
No of Fixed-Line Subscribers 1,309,000  1,240,000  (5.27) 
Penetration Rate - Fixed-Line (%) 26%  N/A 
No of Internet Subscribers 1,331,000  1,320,000  (0.83) 
Internet Penetration Rate (%) 26.6%  N/A 
Total Group Subscribers 107,000,000  135,000,000  26.17 
No of Mobile Subscribers 7,741,000  7,760,000  0.25 
Country Market Share - Mobile 69%  N/A 
Penetration Rate - Mobile 155%  N/A 
 
 
 Major Shareholders  Section Updated: 12Sep11
Name   Type  Country  Holding 
Emirates Investment Authority  Government UAE 60.03% 
Public   - 39.97% 
 
 
 Foreign Ownership Limits
 
Owned Permitted
100%
Nationals
 
0%
GCC Nationals
 
0%
Other Arabs
 
0%
Foreigners
 
0%
GCC Nationals
 
0%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Atlantique Telecom Ivory Coast (Cote D`Ivoire) 100.00%
Emirates Cable TV and Multimedia UAE 100.00%
Etisalat Lanka Limited Sri Lanka 100.00%
Etisalat Afghanistan Afghanistan 100.00%
Etisalat Benin UAE 100.00%
Etisalat International Indonesia Limited UAE 100.00%
Etisalat International Nigeria Limited UAE 100.00%
Etisalat Services UAE 100.00%
Etisalat Services Holding UAE 100.00%
Etisalat Software Solutions Limited [Technologia] India 100.00%
Etisalat International Pakistan UAE 90.00%
Canar Telecommunications Company Limited Sudan 89.40%
Etisalat Misr Egypt 66.00%
Zanzibar Telecom Limited [Zantel] Tanzania 65.00%
Smart Technology Services UAE 50.00%
Ubiquitous Telecommunications Technology [UT Technology] UAE 50.00%
Etisalat DB Telecom Private Limited India 44.70%
Emerging Markets Telecommunications Services [EMTS] [via Etisalat International Nigeria Limited] Nigeria 40.00%
Thuraya Telecommunications Company UAE 28.04%
Etihad Etisalat Company Saudi Arabia 27.46%
Pakistan Telecommunication Company Limited [PTCL] [via Etisalat International Pakistan] Pakistan 26.00%
Atlantique Telecom Centrafrique [via Atlantique Telecom] Central African Republic -
Atlantique Telecom Côte d’Ivoire [via Atlantique Telecom] Ivory Coast (Cote D`Ivoire) -
Telecel Burkina Faso [via Atlantique Telecom] Burkina Faso -
Telecel Gabon [via Atlantique Telecom] Gabon -
Telecel Niger [via Atlantique Telecom] Niger -
Telecel Togo [via Atlantique Telecom] Togo -
Investments
Name  Country  Holding 
PT XL Axiata TBK [PEPT] [via Etisalat International Indonesia Limited Indonesia 13.31%
Arab Satellite Communications Organization Saudi Arabia 4.66%
Supervising Authority
Name  Country  Holding 
Telecommunications Regulatory Authority - UAE UAE -
 
 
 Representatives
Auditors
Deloitte and Touche PricewaterhouseCoopers
Banks
National Bank of Abu Dhabi  
Law Firms
N/A  
 
 
 Competitors
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  AED'000 AED'000 change (%)
Total revenues  30,831,390 31,929,488 3.56
Net profit  8,836,346 7,630,750 (13.64)
Total assets 71,378,596 75,607,130 5.92
Paid-up capital 7,187,400 7,906,140 10.00
Shareholders' Equity 36,391,609 38,715,925 6.39
Shares outstanding 7,187,400 7,906,140 10.00
Market capitalization 79,061,400 85,386,312 8.00
» View Full Financials