ABU DHABI, 18th January, 2023 (WAM) — e& (previously generally known as Etisalat Group) has consolidated its place as probably the most worthwhile portfolio of telecom manufacturers within the Center East and Africa (MEA), in accordance with the 2023 Model Finance World 500 Report launched on the World Financial Discussion board (WEF) in Davos.
Highlighting its transformation efforts into a world know-how and funding conglomerate, e& has achieved exceptional enterprise development and unwavering stakeholder confidence in 2022, with its portfolio of manufacturers now exceeding a complete worth of US$14 billion.
This displays the success of the Group’s enterprise technique over the previous yr, which has launched additional enhancements in customer support, extra people-focused merchandise and new digital providers throughout its specialist enterprise verticals.
etisalat by e&, the Group’s largest telecom model, additionally retained its place because the strongest telecom manufacturers throughout all classes within the MEA area, attaining a rating of 89.1 out of 100 and an “AAA” ranking, in accordance with the report. It was additionally rated one of many high three telecom manufacturers on the earth, because of its market attain, operational capabilities, and excellent customer support document.
Hatem Dowidar, Group CEO of e&, mentioned the Group’s endorsement by the Model Finance was each humbling and a worthy reflection of the UAE’s unstinting dedication to unlock financial development and potential by its funding in state-of-the-art infrastructure and digital transformation.
“Guided by our 46-year legacy of pushing the boundaries of know-how and repair excellence, we now have emerged as an inspiring international know-how conglomerate; this worldwide recognition makes us extraordinarily proud,” he mentioned.
“We’ll proceed to earn the belief of our clients and stakeholders by creating and innovating cutting-edge services that meet the wants of our 162 million subscribers in 16 international locations throughout the Center East, Asia and Africa,” Dowidar added.
Dowidar mentioned that e& had made important strides in Synthetic Intelligence (AI), blockchain, Digital Actuality (VR), Augmented Actuality (AR), the Web of Issues (IoT), cloud computing, and applied sciences supporting the emergence of the metaverse.
“As we assist usher within the subsequent wave of digital tech transformation, we are going to proceed exploring new enterprise fashions within the digital area. Our strategic precedence is to drive new partnerships and funding alternatives that can speed up the expansion of all our enterprise verticals.”
“With sustainability on the coronary heart of all the pieces we do, the e& ESG framework has change into an integral a part of the Group’s enterprise mannequin. We now have efficiently created an ecosystem by which we function, talk and ship our services to stakeholders and clients, enabling us to be a key participant within the seek for clear and inexperienced options. The Group’s efforts had been lately topped by the declaration of e&’s web zero targets by 2030, marking an additional step in confirming our dedication to scale back carbon emissions throughout our enterprise and to step up our efforts for international local weather motion.”
Etisalat Group modified its model identification to e& in February 2022, as a part of a wider technique to speed up resilient long-term development. Efficiently aligning all its enterprise verticals and subsidiaries, e& raised its model profile globally by impactful communications and worldwide partnerships with such admired manufacturers as Etihad Airways, the Abu Dhabi Method 1 Grand Prix, Manchester Metropolis Soccer Membership, and African soccer giants Al Ahly SC.
Commenting on e&’s rating on this yr’s report, David Haigh, CEO and Chairman of Model Finance, mentioned, “Because the telecommunication trade faces commoditisation, e& has taken daring steps to reposition its model identification to unlock new alternatives. This transformation has enhanced the competences of e& to offer progressive digital-centric providers that add to its journey as a world model.”
Model Finance is the world’s main impartial branded enterprise valuation and technique authority. Based in 1996 and headquartered in London, it goals to ‘bridge the hole between advertising and finance.’ Model Finance evaluates over 5,000 manufacturers throughout all sectors and geographies yearly. The five hundred most dear manufacturers are included within the Model Finance World 500 report.