Ban On VoIP Services Leads To Growing International Call Profits

October 2006 | Company Finance Alert

A saturated mobile market, declining fixed-line service take up and competition from the entrance of a second operator, du are just some of the issues facing UAE-based Etisalat. However, despite these troubles, the operator managed to report a strong set of Q306 financial results. Net profits for the quarter stood at AED1.57bn, a rise of 41.4% y-o-y, which was up on the 33% y-o-y rise reported for H106. Although some of the operator's success was attributed to strong subscriber growth through its recent global expansion policies, its ban on the use of internet-based voice services this summer also led to

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