UAE's Etisalat reveals net profit increase to $1.3bn amid digital transformation - Arabianbusiness:
UAE-based telecoms operator Etisalat has reported a three percent rise in net profit to AED4.6 billion ($1.3bn) for the first six months of 2020, despite the onset of the Covid-19 pandemic, with the company accelerating its digital offering.
Revenues for first half of the year reached AED25.6bn ($7bn) while the company's subscriber base totalled 146 million representing a year-on-year increase of two percent.
Obaid Humaid Al Tayer, chairman of Etisalat Group, said: “We are witnessing an opportunity to fast track digital transformation. The unconventional conditions have spurred the adoption of digital services, bridging a divide by changing customers’ behaviour towards digital channels.
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