The UAE tech-telco group e& has reported a 12.9% rise in its total subscriber base, reaching 194.8 million, demonstrating continued growth driven by its expanding international network. In the UAE, e&’s subscriber count stood at 15.3 million.
For Q1-2025, e& posted revenues of Dh16.9 billion, a significant 18.7% increase, with net profit soaring by 129.9% to reach Dh5.4 billion compared to the same period last year. Hatem Dowidar, Group CEO of e&, highlighted that these results are a direct reflection of the company’s efforts to drive financial growth, maintain network leadership, expand into high-potential markets, and optimize its asset portfolio for sustainable shareholder value.
In a strategic move, e& divested its 40% stake in the UAE’s Khazna Data Centers for Dh8 billion. The sale aims to unlock value, enhance financial flexibility, and optimize the company’s business portfolio, further reinforcing its long-term growth strategy.
Additionally, Maroc Telecom, part of e&, has entered into a partnership with Inwi (Wana Corporate) in Morocco to accelerate the country’s fibre-optic and 5G rollout. The partnership includes two joint ventures for deploying fiber-optic infrastructure and new telecommunications towers, subject to regulatory approvals.
