e& (formerly Etisalat) has posted financial results for 2024, reporting a consolidated net profit of $2.9bn, marking a 4.3% increase year-over-year.
In the UAE, e& continued its growth trajectory, with its subscriber base now exceeding 15 million, an increase of 5.4% compared to 2023. The company’s total global subscriber base also saw significant growth, reaching 189.3 million, an 11.7% increase over the previous year.
This performance underscores e&’s strategic shift towards becoming a global technology leader, with continued growth in both its core telecommunications business and new ventures. Its positive financial results are due to the implementation of its transformation strategy over the past three years.
Gulf Economist Staff Writer