Etisalat targets 100m subscriber milestone in 2010
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 14 October 2009
Etisalat is looking to reach 100 million subscribers in 2010 as the telecom company focusing on expanding its markets overseas, chairman Mohammed Hassan Omran has said.
The number of Etisalat subscribers around the world currently stands at more than 85 million but Omran said it is targeting further growth, despite problems in some of its 17 markets.
In an interview published by UAE daily Gulf News on Wednesday, he added that Etisalat's contributions to the government budget since its inception have reached AED52 bn, and its share last year was AED9.6bn.
"Etisalat is currently introducing new technologies including the all-in-one cable for landline, internet and high-definition television," he told the paper.
"The future strategy is based on expanding in global markets. Etisalat is proud to have 85 million subscribers now and is planning to increase the number to 100 million by next year."
He said the company had faced problems increasing the number of subscribers in the Saudi market with tens of thousands of applicants on the waiting list.
"Over 60,000 applicants wanted to subscribe but could not, due to reasons out of our control. For example, transferring a subscriber's number to another operator takes only 24 hours in Hong Kong, but it can take two to three months in Saudi Arabia," he told the paper.
Separately, it was reported that mobile phone subscribers in the UAE will soon be able to switch between service providers Du and Etisalat, while retaining the same number, like customers in Europe and the US.
Arabic daily Al Ittihad reported that the facility has been approved by the Telecommunication Regulatory Authority (TRA) and will be on offer early 2010.
READERS' COMMENTS
Posted by GR, Dubai, UAE on Wednesday 14 October 2009 at 16:13 UAE time
How irritating is that? Etisalat is allowed to operate in other countries and compete there to get their share of the market but protects it's monopoly (duopoly?) of the market here!
If they allowed other providers into the market here then we could all benefit from the competition - the same compettion that they are part of elsewhere to the benefit of subscibers in those countries. Something about this stinks.
Click here to post a comment
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TECHNOLOGY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TECHNOLOGY
LATEST MIDDLE EAST BUSINESS NEWS
- Travel & Hospitality: flydubai set to launch new flights to Nepal
- Real Estate: Dubai's Oct property sales value rises by 50% - official
- Politics & Economics: UAE considers allowing citizens to elect 50% of FNC
- Travel & Hospitality: Emirates brings forward Paris A380 plans
- Real Estate: Union Properties in talks to sell 50% Emicool stake
SHARE PRICE CHECK
RELATED STORIES
Gulf Rebound
3 stories- Dubai's Oct property sales value rises by 50% - official
24 Nov '09 | News - Mideast business jets market seen growing 6% for 10 years
24 Nov '09 | News - Gulf nations to see solid growth in 2010
23 Nov '09 | News
Emirates Telecommunications Corporation (Etisalat)
- Telco trailblazers
12 Nov '09 | Interviews - 57% eye change in UAE mobile phone operator
11 Nov '09 | News - Etisalat poised to seal Man City sponsorship deal
10 Nov '09 | News




