The group took a major step by completing the acquisition of a controlling stake in the “PPF Telecom” group, as part of diversifying its business portfolio, which contributes to developing the digital services it provides to the business, financial technology, and media and entertainment sectors, and continuing its strategic ambition to transform into a global technology group.
The group’s subscriber base witnessed a growth of 6 percent year on year, bringing the total number to 177.3 million subscribers, while the total number of subscribers reached “E&Emirates“To 14.7 million subscribers, which represents a growth of 5 percent compared to the same period last year.
Hatem Dowidar, Group CEO, said that “E&” continued its good performance during the first nine months of this year, and consolidated revenues at constant currency exchange rates achieved an annual growth of 9 percent to reach 42.7 billion dirhams, and it focused on expanding the scope of its telecommunications business to 20 countries. , bringing its total presence to 38 countries.
He added that this growth, in addition to the group’s strong performance in local and international markets, led to recording consolidated net profits of 8.5 billion dirhams during the first nine months of this year, an annual increase of 10 percent. Moreover, the group’s consolidated profits before interest and tax were Depreciation and amortization amounted to 19.4 billion dirhams.
He expressed his aspiration for future growth opportunities, especially after completing the deal to acquire a controlling stake in the assets of the “PPF Telecom” group in Central and Eastern Europe and establishing their first operational footprint in Europe. He said: “We are very confident that this step will enable us to provide our services and contribute to enriching people’s lives.” “More than a billion people across the Middle East, Asia, Africa, and now Central and Eastern Europe.”
He stressed the group’s commitment to supporting the vision and efforts UAE Towards leadership, in a way that contributes to strengthening its digital agenda as a role model for digital transformation in the region.
