Etihad Etisalat Company

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Recent Articles

• Saudi's Mobily posts 49.7% rise in Q3 profits19 October 2009

  UPDATE 1: Telecom firm sees profits hit $215.2m in Q3 with rise in subscribers.

• Saudi Mobily refinances SR1.5bn Islamic loan11 October 2009

  Mobile operator originally used loan to finance purchase of Bayanat Al Oula.

• Morgan Stanley raises targets on EEMEA telcos9 October 2009

  Investment house favours Saudi's Mobily among MENA region's top telco picks.

• Mobily expands Saudi WiMax broadband coverage15 September 2009

  Telecom company adds new parts of kingdom as wireless broadband demand surges.

• Saudi Mobily teams-up with Qualcomm13 September 2009

  Saudi firm and US giant agree to boost cooperation in several projects in wireless telco sector.

• Broadband behind Mobily's 50% Q2 profit boost19 July 2009

  Saudi's second-largest mobile phone company says second quarter net profit hit $180m.

• Mobile broadband take-up growing at 126% - Mobily14 June 2009

  Company CEO says mobile data services will soon overtake fixed line subscription.

• Mobily, Samsung sign $100m Saudi broadband deal9 June 2009

  Agreement will see WiMAX services extended to 20 cities in the kingdom.

• Mobile internet access to replace fixed lines - Mobily 25 May 2009

  CEO predicts multiple mobile internet access per household, not one fixed line.

• Mobily forced to halt mobile number portability18 May 2009

  Mobily complains to regulator after technical problems at STC hinder mobile number portability

• Mobily unit launches new WiFi-enabled WIMAX router25 April 2009

  Bayanat Al Oula rolls out router for Broadband@Home service in Saudi Arabia.

• Etihad Etisalat's Q1 net profit rises 47%21 April 2009

  Saudi's 2nd largest mobile phone firm adds more broadband clients & cashes in revenues from other operators.

• ME telecom firms could save $8bn with tower-share deals12 April 2009

  Operators in region spend up to 20% of revenue on developing own networks.

• Mobily expands Saudi network in $116m deal30 March 2009

  Mobile phone operator aims to increase subscriber numbers after Motorola deal.

• Etisalat to unveil prepaid plans for iPhone - UAE1 March 2009

  The telecom company claims it's 'difficult' to directly compare prices in Saudi and UAE. 

• Mobily racks up 300,000 HSPA broadband subscribers1 March 2009

  GSM Association states Saudi mobile operator has busiest data network in the world

• 25,000 Saudi iPhone subscribers within hours of launch23 February 2009

  Mobily reveals big uptake of Apple's three-in-one phone throughout kingdom.

• Mobily extends campaign to identify pre-paid users2 February 2009

  Campaign to update personal data on pre-paid mobile users to run until end of 2009

• Saudi Mobily's Q4 profit up 51%, beats estimates21 January 2009

  Arab state's second largest mobile phone operator beats analysts' Q4 forecasts.

• Mobily buys $21mn stake in internet provider3 November 2008

  Saudi Arabia's second-largest telecom operator takes 94% stake in Zajil.

• Morgan Stanley to manage Etihad Etisalat share sale28 October 2008

  UAE's Etisalat's Saudi affiliate plans to raise capital by selling 200mn shares for $530mn.

• Mobily posts 73% increase in Q3 profit21 October 2008

  GITEX: Saudi's second mobile phone company beats analysts' forecasts with net income of $143mn.

• Saudi Arabia launches campaign to identify mobile subscribers11 October 2008

  All Saudi mobile subscribers required to prove their identity in drive to cut down 'anonymous' mobiles

• Saudi Mobily gets approval for capital hike15 September 2008

  Approval given for Etisalat affiliate to raise $533.3mn in 200mn share rights issue.

• Mobily brings WiMAX home2 September 2008

  Domestic subscribers in Saudi Arabia can now browse the internet on speeds of up to 2 Mbps