Aggregate subscriber base reached 159 million, representing a year over year increase of 2.0%
Consolidated revenues for the first quarter amounted to AED 13.3 billion, representing an increase of 0.8% year over year. At constant exchange rates, revenue increased year over year by 3.5%
Consolidated EBITDA for the first quarter amounted to AED 6.8 billion, representing an increase of 0.5% year over year and resulting in EBITDA margin of 51%. At constant exchange rates, EBITDA increased year over year by 2.8%
Consolidated net profit after Federal Royalty amounted to AED 2.4 billion, increasing year over year by 3.6%, and resulting in a net profit margin of 18%
Consolidated capital spending excluding spectrum costs amounted to AED 1.3 billion, representing a year over year increase of 25% and 10% capital intensity ratio
Operating free cash flow, excluding spectrum costs amounted to AED 5.5 billion, representing a 4% decrease year over year
Key Developments in Q1 2022
e& shareholders approved to distribute a full year cash dividend of 80 fils per share for the fiscal year 2021 at the General Assembly Meeting held on 5 April 2022
e& completed the acquisition of elGrocer, strengthening its Smiles online marketplace
e&'s E-Vision and ADQ signed a binding agreement to acquire circa 57% of STARZPLAY ARABIA
e& announced discussions with Mobily regarding a potential offer to increase its shareholding in Mobily
e& partnered with ADQ, Alpha Dhabi Holding and First Abu Dhabi Bank (FAB) to launch a new digital banking platform 'Wio'
Etisalat was ranked as the world's strongest telecom brand by Brand Finance, the first in the Middle East and Africa region to achieve this recognition
e& and Microsoft expanded its collaboration on digital transformation
e& partnered with Meta to drive innovation with enhanced digital experiences and conversational commerce in its digital communication projects
Etisalat UAE extended its tie-up with Amazon Web Services (AWS) to serve key industries and meet the growing demand for digitalisation
e& enterprise partnered with NICE to bring the CXone cloud platform to the UAE
Etisalat Misr and Honeywell signed an MoU to offer new services and products in the field of IoT and smart cities.
