- Mobile customer base grows by 2.7% to 8.3m subscribers while fixed customer base surge by 14.2% to 655,000.
Dubai-based Emirates Integrated Telecommunications Company PJSC (du) reported a 42.7 per cent increases in third-quarter profit to AED 719 million, highest quarterly net profit in the last three years, fuelled by strong EBITDA performance and reduction of most post-EBITDA items.
The telecom operator’s revenue rose by 9.1 per cent to AED3.6 billion due to strong commercial momentum while third-quarter EBITDA margin of 48.3 per cent is the highest since inception, December 2005.
“In the third quarter, we continued to execute our strategy of strengthening our core connectivity business whilst selectively expanding beyond the core to position ourselves as a leading integrated digital services enabler,” Fahad Al Hassawi, CEO of du, said.
He added that the introduction of two new sub-brands, du Tech and du Infra, reflects its strategic shift to drive comprehensive digital transformation across its services, underscoring its commitment to innovation and creation of dynamic digital ecosystems.
Expanded portfolio
“With our expanded portfolio and the deployment of 5G standalone and AI technologies, we are setting the stage for transformative digital adoption by individuals, businesses, and governmental bodies alike, building a future that is both more interconnected and digitally savvy,” Al Hassawi said.
The telecom operator’s mobile customer base grew 2.7 per cent year-over-year reaching 8.3 million subscribers with 71,000 net-additions this quarter and 218,000 over the past 12 months.
The year-over-year growth was driven by a robust 12.5 per cent growth in our postpaid subscriber base supported by dynamic B2B initiatives and compelling consumer offers, such as unlimited data plans and special roaming bundles for the holiday season. Meanwhile, its prepaid customer base remained broadly stable at 6.5 million customers.
Its fixed customer base saw a strong year-over-year growth of 14.2 per cent reaching 655,000 subscribers, with 24,000 net-additions this quarter and 81,000 over the past 12 months, driven by the continued appeal of fibre and home wireless offerings.
The company’s other revenues surged by 14.1 per cent to AED944 million driven by the strong performance of its wholesale business and high equipment sales following the successful launch of the iPhone 16. The ICT business also contributed significantly to this performance, with growth in cloud and managed services as well as consistent results from data centre operations.