Abu Dhabi — The UAE-based telecommunications and technology group e& has announced that its annual revenue has reached $20 billion, driven by strong subscriber growth and continued expansion across regional and international markets.
The company, formerly known as Etisalat Group, has been accelerating its transformation into a global technology and digital investment powerhouse. The milestone reflects solid performance across its core telecom operations, digital services, fintech platforms, and enterprise solutions.
Strong Subscriber Growth
e& reported a significant increase in its total subscriber base, with millions of new users added across the Middle East, Asia, and Africa. Growth was particularly strong in mobile and broadband services, as demand for high-speed connectivity, 5G networks, and digital platforms continues to rise.
The expansion of 5G infrastructure in the UAE and other key markets has played a major role in attracting both individual consumers and enterprise clients. Increased data consumption, smart device usage, and cloud-based services have also contributed to revenue growth.
Diversification Beyond Telecom
In recent years, e& has diversified beyond traditional telecommunications. The group has invested heavily in digital transformation initiatives, including fintech, artificial intelligence, cybersecurity, and cloud computing services. These strategic investments have strengthened its position as a leading technology enabler in the region.
Its enterprise division has also seen notable growth, supporting government digitalization programs and private sector innovation projects. This diversification strategy has helped offset market competition and pricing pressures in traditional telecom services.
Regional and Global Expansion
e& continues to expand its footprint through partnerships, acquisitions, and investments in emerging markets. The company’s international operations have contributed significantly to total revenue, reflecting its ambition to become a global digital leader.
Industry analysts view the $20 billion revenue milestone as a strong indicator of the UAE’s broader digital economy growth and its leadership in telecommunications infrastructure.
Outlook
Looking ahead, e& plans to further invest in next-generation technologies, including AI-powered services, Internet of Things (IoT) solutions, and advanced digital platforms. With a growing subscriber base and diversified revenue streams, the company appears well-positioned to sustain its growth momentum in the coming years.
The latest financial results highlight not only the company’s operational strength but also the UAE’s continued emergence as a global technology hub.
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