e&, formerly known as the Etisalat Group announced its consolidated financial results for the full year ending 31st December 2021 and declared the consolidated revenue increase by 3.2% to AED 53.3 billion, while the consolidated net profit rose to AED 9.3 billion, also representing a 3.2% increase year on year.
During the year 2021, the Etisalat UAE subscriber base reached 12.7 million subscribers, while aggregated subscriber base reached 159 million, representing a year over year increase of 3.0%.
As part of its strategy, e& will enhance customers experiences across all segments by ideating, designing, and delivering a range of innovative and breakthrough technologies, driven by its track record of success. This strategy is aimed at accelerating growth through the creation of a resilient business model that is built on key pillars representing the group’s main business sectors.
Commenting on the results, Chairman of e&, H.E. Jassem Mohamed Bu Ataba Alzaabi, said “It is my great pleasure to present the financial results for the year 2021. e& celebrated multiple milestones, witnessed historical achievements, and saw strong financial performance, all of which I believe are setting us up for an even brighter digital future.”
“It was a great honour for us to be recognised as the world’s strongest telecom brand and the most valuable telecom brand portfolio in MEA, which is a testament to the success of our strategic initiatives, the building of one of the world’s fastest networks and, of course, our employees’ relentless dedication. I would like to extend my gratitude to the entire e& family, who continue to make us proud at every step of the way,” he added.