A little "promo-ish", but some good info on this associate. Here's the link between Vendtek and Etisalat:
Etisalatrecently announced its international subscriber base has reached 94million and that the number will soon reach 100 million subscriberssoon with operations covering nearly two billion people across itseighteen markets around the world.
“We have witnessed asignificant increase in the number of subscribers which clearlyindicates the strong performance of our operations in the UAE andinternationally .we will reach 100 million customers soon”. saidMohammad Omran, Chairman of Etisalat.
The statements coincideswith Etisalat’s participation in SAMENA Telecommunications Council’s,'Convergence to Istanbul 2009'. The event is held from 3-5 November2009 in the presence of Dr. Tayfun Acarer, Chairman of Information andCommunication Technology Authority in Turkey. Themed 'A BroadbandRising...With Efficiencies Maximizing Profitability', this CEO-levelannual gathering features a number of high profile speakers andindustry experts.
Ahmedbin Ali, Senior Vice President Corporate Communications representedEtisalat in the event shared with the audience a paper on behalf ofEtisalat titled “Efficiency Strategies for Reaching Record Results”.The paper highlighted Etisalat successful 33 years history includingthe time global financial crisis noting that Etisalat maintained yearon year 9% growth in net profits and 6% in revenues in 2009.
Thepaper explained how Etisalat managed to achieve growth in its revenuesthe last three years faster than previous years allowing sufficientcash position to finance its operations and strategic expansions. As aresult Etisalat became one of the few global telecos to maintainnegative debt position. Etisalat has been highly rated by the threecredit rating agencies with a stable outlook:
The paper alsohighlighted how Etisalat excelled in its operations with no adverseeffects on the quality of services and has continued to spend whereneeded, whether it is on infrastructure such as fiber optic network,which will be accomplished in UAE in 2011 making Abu Dhabi the firstcity in the world be fully connected by this network, or in maintainingthe quality of services and networks upgrades. On the other handEtisalat kept shareholders content with a cumulative annual growth intheir earnings over the past years.
Ahmed Bin Ali explainedhow Etisalat maintained efficiency in its continuous internationalexpansions, saying: "One of the largest areas of expense is inobtaining a new license. We have proven our competence in this area andcontinue to follow a prudent approach in dealing with financial risks.Here we depend mainly on Etisalat‘s accumulated experience adhering tothe best international standards governing expansion. “Etisalatconducts thorough research and seizes opportunities that help achievefurther success of its work and give added value to customers andtelecom sector and give our shareholders Exceptional returns”.
Etisalathas operations in UAE and Saudi Arabia, Egypt, Sudan, Afghanistan,Pakistan, Indonesia, India, Nigeria, Benin, Niger, Gabon, Burkina Faso,Togo, Central African Republic, Ivory Coast, Tanzania and most recentlySri Lanka. offers its customers a full range of telecommunicationservices and solutions including mobile, fixed-line telephony,Internet, cable TV services to business, government and other telecomcompanies.
Etisalat has currently the largest internationalroaming network in the region with more than 520 operators around theworld covering more than 190 countries.