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Etisalat’s revenue may fall
UAE-based telecom operator, Etisalat, may see revenue drop…
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Sep 30th, 2009
UAE-based telecom operator, Etisalat, may see revenue drop 9.9 percent in the third quarter of the year because of the country’s declining population, reports Bloomberg, citing a report from Al Mal Capital. The third quarter revenue is expected to fall to AED6.87 billion, as compared to AED7.62 billion the company made in the previous quarter.
According to Al Mal, the number of mobile subscribers decreased 0.7 percent during the quarter.
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