Complex Made Simple

Etisalat to make 5G dream a reality in the UAE

Etisalat envisions 5G as a stepping-stone to unlimited potential, a technology that will enable new use cases, widen possibilities, and enhance value creation.

Apart from high connection speeds, the implementation of 5G will also lower latency issues "The 5G network will fuel digital transformation, IoT, smart cities, and the fourth industrial revolution" Etisalat is "building a platform for the future, which will materialize the next generation of immersive experiences"

What's the next big disruption that could change the way we use technology? The telecom industry is buzzing with talk of superfast 5G networks permitting for downloads of up to 10 Gigabytes per second, which could enhance the Internet of Things (IoT), artificial intelligence, machine learning and bring to our daily lives the use of augmented reality, 3D printing, autonomous vehicles and more.

Etisalat, which was ranked the No. 1 most valuable telecoms brand in the UAE in 2018, is leading the way in bringing 5G to life. As part of its new direction "Together Matters", the company aims to use the power of technology to connect people and enrich their lives. The company, which completed its first 5G launch on C-band in MENA, has stated that it intends to invest 4 billion AED into digital transformation, mobile and fiber networks during this year. Apart from high connection speeds, the implementation of 5G will also lower latency issues.

"Etisalat envisions 5G as a stepping-stone to unlimited potential, a technology that will enable new use cases, widen possibilities, and enhance value creation. Hence, we were the first to launch the first commercial 5G network in the UAE and the region achieving another technological milestone for the company. The fifth generation of the network will fuel digital transformation, IoT, smart cities and the fourth industrial revolution," said Eissa Mohamed Al-Suwaidi, Chairman, Etisalat Group, at the company's Annual General Meeting (AGM) held at the company’s headquarters in Abu Dhabi.

 

 

Race toward 5G implementation

Etisalat is working on enhancing its infrastructure with 5G towers and sites, in order to ensure that it provides 5G connectivity to fixed and mobile devices, as well as coverage across the country. Etisalat has already announced partnerships with Huawei and Ericsson to deploy 5G across the UAE. The company's prime competitor in the country, du has partnered with Virgin Mobile to build 5G infrastructure and deploy it in the UAE. Elsewhere in the GCC, Saudi Telecom has announced a deal with Nokia to bring 5G to Saudi Arabia.

Earlier this month, du announced that it successfully conducted its first live 5G data call, while deploying 700 5G sites across the UAE. With the Expo 2020 around the corner, Etisalat is also aiming to provide innovative telecom solutions to the millions of participants and visitors, including an Etisalat 'smart site' at the event.

“Etisalat is keen on staying ahead when it comes to next-generation technologies, our investment in the future has enabled us to achieve the first 5G commercial launch in MENA with EXPO 2020 as the first business customer. This achievement will redefine connectivity and support the full-fledged adoption of the Internet of things. As an industry leader, we have a role in driving change and expanding the telecommunication ecosystem, we are building a platform for the future, which will materialize the next generation of immersive experiences and power the digital economy," said Saleh Abdullah Al Abdooli, GCEO, Etisalat Group.

 

 

Driving financial success

Etisalat's efforts to lead in the digital space and transform its operating model has helped the Group's financials soar as well.

“In 2018, we have delivered a solid financial performance, with consolidated revenues at AED 52.4 billion, and consolidated net profit at AED 8.6 billion, representing 2.4 percent year-on-year growth. This is an outstanding outcome considering the stagnant global economy and some operating companies’ specific challenges pertaining to currency devaluation, geopolitical instability, and elevated competitive and regulatory pressures," said Saleh Abdullah Al Abdooli, GCEO, Etisalat Group.

“Etisalat Group continued to achieve strong financial performance and maintained its high credit rating reflecting its efforts to provide value to shareholders, which was the drive behind proposing a final dividend of AED 0.4 per share, bringing the total dividends for the year to AED 0.80, in line with our policy in previous years. This represents a dividend yield of 4.7 percent and dividends payout ratio of around 81 percent," said Eissa Mohamed Al-Suwaidi, Chairman, Etisalat Group.”