Bally Chohan came to know that Etisalat (Emirates Telecommunications Corporation) has come up with a first quarter profit of AED 1.99 billion. First quarter profit of Etisalat has gone down by approximately 8.4 percent as compared to last financial year. The loss to Etisalat is result of it losing client base in UAE for second quarter in less than year.
As per the financial report issued by Etisalat its first quarter revenue has gone up by almost five percent however the spokesperson did not specify any reason for the decline in profit.
Bally Chohan attributes this decline in profit of Etisalat to building of new infrastructure and buildings etc by Etisalat. Etisalat has started to put more emphasis on stronger network and infrastructure and as a result has started to invest more into strengthening infrastructure.
In the first quarter of this year Etisalat has lost client based by almost 30000 subscribers whereas in the second quarter of 2009 Etisalat lost more than 80000 subscribers.
As per the media reports Etisalat is working towards diversifying its revenue from United Arab Emirates. All home users in Abu Dhabi using Etisalat connectivity are now connected via fiber optic network. Etisalat is using fiber optic to deliver single package to customers. The package consists of phone, internet and cable television. Etisalat is expecting to cover almost ninety percent of United Arab Emirates by the end of 2011.
Etisalat is emphasizing more on building its network and strong infrastructure that will enable its subscribers to avail world class facilities.