The Emirates Telecommunications Corporation (Etisalat) reported a 5.8 percent increase in its revenues for 2002, rising from 7.56 billion Emirati dirhams ($2.05 billion) in 2001 to over eight billion Dh the following year. The financial results were announced this week in the company’s annual board meeting.
At year-end 2002, Etisalat boasted a mobile subscriber-base exceeding 2.4 million and fixed-line subscribers totaling 1.1 million. These figures represent a mobile market penetration rate of 70 percent and 32 percent in the fixed-line market. With some 290,000 Internet subscribers, the UAE is ranked 19th in the world in terms of Internet penetration rates.
The state-owned monopoly service provider Etisalat is headquartered in the Emirate of Abu Dhabi. It is the monopoly supplier of all major services - fixed-line, cellular, data communications, and the Internet - a control that is being extended to new areas such as satellite communications and CATV. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
