Emirates Integrated Telecommunications Company PJSC (“EITC”) announced its financial results for the quarter ended March 31, 2023. Sustained demand for fixed and mobile services contributed to a significant 10% revenue growth to AED 3.44 billion and a 7.7% increase in EBITDA to AED 1.37 billion. Net profit jumped 19.1% to AED 370 million. Operating Free Cash Flow (EBITDA minus Capex) was stable at AED 958 million.
Vodafone Qatar announced its financial results for the January to March period of 2023, showing improvement across all key indicators.
e& announced its consolidated financial results for Q1 2023, with consolidated revenues reaching AED 13 billion. At constant exchange rates, revenue increased by 6.6%. Consolidated net profit recorded AED 2.2 billion, while consolidated EBITDA reached AED 6.2 billion, resulting in an EBITDA margin of 48%.
stc Group, the region's leading digital enabler, has succeeded in providing the King Abdulaziz Endowment in Makkah with one of the largest indoor coverage solutions (IBS) provided in one place in the world as part of its continuous efforts. The group provides the best services and advanced digital solutions to meet visitors’ requirements in Makkah, in line with the great efforts made by the Kingdom to provide the best and latest services to the pilgrims.
On behalf of the Board, Vodafone Group Chairman Jean-François van Boxmeer announced the appointment of Margherita Della Valle as Group Chief Executive, “following a rigorous internal and external search.”
Through its subsidiary company, Oman Data Park, Omantel continues to enable large corporates and enterprises to migrate to the cloud, thus staying competitive in dynamic markets, by designing cost-effective solutions that streamline the customers’ operations and achieve the desired growth without compromising on data security.
To commemorate International Girls in ICT Day, du, from Emirates Integrated Telecommunication Company (EITC), engaged students at GEMS Wellington Silicon Oasis with a number of activities aimed at inspiring and guiding them into careers in the Information and Communications Technology (ICT) industry. In addition, du highlighted efforts to improve gender balance in the ICT industry as the first GCC telco to achieve 20% women’s representation at board level.
e& announced its commitment to adopting the United Nations' Women's Empowerment Principles, reiterating the Group's support for women's empowerment and gender equality in the workplace.
Vodafone and Coventry University have collaborated to open the UK’s first 5G Standalone (5G SA) Media Innovation Lab in Coventry. The project aims to bring broadcasters and other media companies, as well as the software development community, to the lab to develop 5G use cases for the media industry.
e& has announced that its shareholders have approved the Board of Directors' recommendation to distribute cash dividends for the second half of 2022 at a value of AED 0.4 per share during the Group's Annual General Meeting (AGM). The total annual dividend per share stands at AED 0.8, demonstrating the Group's commitment to delivering value to its shareholders.
