tanmayFebruary 15, 2021
Middle-East and Africa Inflight Entertainment and Connectivity Market – Growth, Trends, And Forecast (2020 – 2025)
The Middle-East and Africa Inflight Entertainment and Connectivity market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The
Middle-East and Africa Inflight Entertainment and Connectivity market is highly competitive and consists of a number of major players:Panasonic Corporation, ViaSat, Inc., Burrana, Thales group, and Gogo Inc.,Safran SA, Thales Group, Stellar Entertainment Group, Lufthansa Syste
EITC posts $3 billion revenue for 2020
DUBAI, February 9, 2021 Emirates Integrated Telecommunications Company (EITC) has posted a revenue of AED11.08 billion ($3 billion) and a net income of AED1.44 billion for the year ended December 31, 2020 despite the tough operating environment caused by the pandemic. EITC’s Capital Expenditure increased by 24.1% year-over-year to AED1.87 billion, representing a capital intensity of 16.9%, its highest level over the last five years, as the company’s strong balance sheet enabled it to maintain its ambitious capital deployment plans for 2020. The Board of Directors has approved of a dividend distribution of 28 fils per share for 2020, out of which 13 fils per share were paid in August 2020 as an interim dividend.
Du, though, continued to invest in network improvements and expand its 5G roll out despite the market conditions last year.
The telecom company s fourth quarter net income fell to Dh48m due to a one-off goodwill write-off of Dh137m in its broadcast business as Covid-19 changed content consumption patterns.
Net income would reach Dh185m if this write-off was excluded, the company added.
Founded in 2005 as the UAE’s second licensed telecommunications provider, du is 50.12 per cent owned by Emirates Investment Authority, 10.06 per cent by Mubadala Investment Company and 19.7 per cent by Emirates International Telecommunications, with the remainder of shares in public hands.
Dubai: UAE stocks surged on Wednesday as investors reacted positively to forecast-beating results from the country s key lenders First Abu Dhabi Bank and Emirates NBD, while assuring investors a dividend amid the COVID-19 crisis.
Both stock markets of UAE climbed over 1 per cent in a clear sign of market-beating optimism, as their global counterparts stayed cautious ahead of an update on the US monetary policy package and as several industry giants were also set to release their earnings report.
Abu Dhabi Security Exchange jumped 1.4 per cent, the most in the last six trading sessions. It was bolstered by gains from the stock of the country’s largest lender First Abu Dhabi Bank (FAB) - which scaled up as much as 2.7 per cent during the day, before settling up 2.5 per cent at close. The investors were upbeat as the bank chose to hand out as a generous cash profit to shareholders as it did in 2019, even as the virus continues to rattle the world economy.
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