Etisalat creates separate company for its services

Holding firm will house eight specialised units

  • E-Mail
By  Published  September 22, 2006

UAE telecommunications company Etisalat has restructured its operations, shifting eight of its activities into a separate holding company called Etisalat Services.

The move will enable Etisalat to focus more closely on its core business of telecommunication services and technology upgrades, the firm said in a statement.

Eight specialised units that were previously part of Etisalat will be housed in the new holding company. They are: Emirates Data Clearing House (EDCH), Etisalat Academy, Ebtikar Card Systems, e-marine, Facilities Management Unit, Facilities Development Unit, e-property Unit and the Special Projects Unit.

The new company will be headed up by Ali Al Sharid, who has been appointed CEO of Etisalat Services.

“We are happy to announce the formation of this company with its specialised business units,” said Mohammed Al Qamzi, Etisalat CEO and deputy chairman of the board of directors at Etisalat Services.

“This will see the corporation being divided into three distinct units: Etisalat, which provides full telecommunication, internet and cable TV services; Etisalat International, which handles all the international investments and expansion of the corporation; and Etisalat Services, which will provide all non-basic telecom services.”

The decision to reorganise the business operations was taken by the board of directors of Etisalat in May, Al Qamzi said.

“Over the last 30 years, Etisalat has expanded at both the local and international level, with growth of operations and service portfolios, and entry into 14 strategic markets across Asia and Africa. Establishing Etisalat Services as an independent company is in line with the corporation’s strategy, and frees up Etisalat to fine-tune its focus on basic telecommunication services and technology upgrades based on market demand,” he claimed.

“Etisalat Services was born out of a need for the corporation to align itself to a new scenario, both from an internal restructuring point of view, as wellas to changing market conditions brought about by the telecom sector liberalisation in the UAE,” said Al Sharid.

“While the eight companies under the Etisalat Services banner have each made significant contributions to Etisalat, we believe that this move will further drive our competitiveness in the regional and international market, and enable us to effectively capitalise on opportunities.”

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code