Etisalat to be major presence at GULFCOMMS

Etisalat planning on major showcase at GULFCOMMS exhibition

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By  Administrator Published  September 16, 2008

Given its position as one of the region's telecom heavyweights, Etisalat will exhibit at GULFCOMMS in force.

The company, which emerged as leader in a table of the world's fastest-growing mobile operators in a recent study from Informa Telecoms & Media, will be showcasing its latest products and services and raising its profile further.

In recent months, Etisalat has consolidated its reputation as a regional powerhouse. In July, Etisalat was named the world's fastest growing mobile operator.

"The Global Mobile report clearly highlights the ongoing success of Etisalat's international expansion strategy, and shows we are on course for achieving our goal of becoming one of the largest operators in the world by 2010," said Mohammad Hassan Omran, chairman of Etisalat. "We are continuing to seek new opportunities in countries where technology penetration is low and where we see good potential for rapid and exceptional returns for our shareholders and investment partners."

The Informa study ranked operators on the total number of mobile subscriptions based on their percentage ownership of mobile operators. Etisalat was ranked number one having achieved an increase of 106.41% in 1Q08 compared with the previous quarter, achieving a proportionate mobile subscriber base of 24.2 million across its 16 markets in the Middle East, Africa and Asia.

Etisalat was valued at $38.7 billion and ranked as the 219th largest company in the world in the Financial Times (FT) 500 at the end of the first quarter.

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