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Thu 27 Oct 2016 01:58 PM

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UAE's Etisalat says subscriber base grows 5% to 12.2m users

UAE telco also says good progress has been made on trial of its 5G network, reaching a speed of 36 Gbps

UAE's Etisalat says subscriber base grows 5% to 12.2m users
iPhone 7 and iPhone 7 Plus are available across Etisalat stores in the UAE.

UAE telecoms operator Etisalat said its active subscriber base rose five percent to 12.2 million in the third quarter 2016, as mobile subscribers grew seven percent year-on-year.

The company’s aggregate subscriber base reached 162 million as of September 30, 2016, compared with 170 million during the same period last year.

“The robust and constant growth of Etisalat Group is underpinned by our continued investments in next-generation services and solutions that add tremendous value to the communities we serve and enhance the customer experience,” Saleh Al Abdouli, CEO, Etisalat Group, said in a statement.

The company said it has made good progress on the trial of its 5G network, reaching a speed of 36 Gbps.

Etisalat, which directly and indirectly operates in about 18 countries across the Middle East, Africa and Asia, reported a net profit after royalty payment (tax) of $517.4 million (AED1.9 billion) in the third quarter 2016.

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