Mobily cost Etisalat AED 2 bln profit drop in 2014, says CEO

16/03/2015 Argaam

Mobily’s troubled year has ​battered Etisalat Group’s 2014 profit, costing the company about AED 2 billion​ ($545 million)​, said Ahmed Julfar, chief executive officer of United Arab Emirates’ Etisalat Group.


Julfar expected Saudi-listed Mobily, which is 27.4 percent owned by UAE’s Etisalat, to recover this year, he said in an interview with Al Arabiya news.

Etisalat this year will focus on increasing its market share and improving its services in its current markets, he added.

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