Company Report

Etisalat Group’s Consolidated capital spending decreased by 27% to AED 2.9 billion in Q4 2020

Etisalat Group aggregate subscribers as at 31 December 2020 was 154 million, reflecting a net addition of 5.4 million during the last 12 month period due to strong subscriber acquisition in Mali, Burkina Faso, Chad, Saudi Arabia, Togo and Benin. Quarter over quarter subscriber base increased by 3%.

Consolidated capital spending decreased by 27% to AED 2.9 billion, representing 23% of the consolidated revenues.

Consolidated capital expenditure decreased year over year by 27% to AED 2.9 billion in the fourth quarter of 2020 resulting in a capital intensity ratio of 23%. This decrease is mainly attributed to lower capex spend in the UAE.

Full year capital expenditure decreased by 20% to AED 7.1 billion resulting in capital intensity ratio of 14%, 3 percentage points lower than the prior year.

Source: www.etisalat.com

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