UAE telecom major e& reported consolidated revenue of AED 14.2 billion in Q1 2024, up by 9 percent from the same year-ago period.
The company’s consolidated net profit also posted a seven percent increase to AED 2.3 billion in the first quarter of this year.
The number of e& UAE subscribers reached 14.5 million in Q1 2024, while consolidated group subscribers reached 173 million, representing an increase of 5 percent over the same period last year.
e& reports strong performance across its operations
The company also reported strong performance across its operations, driven by the expansion of partnerships across its verticals and continuous investments in developing critical infrastructure for future readiness.
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e& said the company’s strong performance in Q1 was driven by its focus to build a progressive business model represented by our well-positioned verticals to grow and succeed throughout the year.
“The group’s efforts towards forming new partnerships across the business ecosystem to deploy emerging technologies that drive next-generation digital connectivity has played a significant role in this success journey,” he said.
In Q1 e& and its partners in the Global Telco AI Alliance announced a joint venture to develop telco-specific Large Language Models (LLMs) to revolutionise customer service through advanced AI solutions.
e& also made a commitment to the International Telecommunication Union’s (ITU) Partner2Connect Digital Coalition, pledging to invest $6 billion between 2024 and 2026 in technological advancement, infrastructure development, and innovative digital solutions to extend meaningful connectivity to communities across its markets.
Follow us on
