| Title: | Summary: Emirates Telecommunications Corp. |
| Price: | $175.00 |
| Publication Date: | Aug 20, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE) are supported by the company's leading market position in both fixed and mobile telephony in the UAE telecoms market, despite the introduction of competition in 2007 from Emirates Integrated Telecom Co. (Du). Standard&Poor's Ratings Services expects strong population growth in the UAE to continue driving demand for telecoms services. Etisalat's profitability levels are very strong, with an EBITDA margin of 74.0% in the first half of 2008. The company generates strong cash flows and has good financial flexibility, backed by a portfolio of growing overseas assets, the value of which has increased significantly. The ratings also |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Emirates Telecommunications Corp. Publication date: ##-Aug-#### Primary Credit Analyst: Michael O'Brien, London (##) ##-####-####; michael_obrien@standardandpoors.com Secondary Credit Analyst:... |
| Word Count: | 1199 |
| Ticker: | DU@UH |
| Issuer: | Emirates Telecommunications Corp. |
| Sector: | Global Issuers, Corporations, Telecommunications & Cable |
| Country: | United Arab Emirates |
| Region: | Europe, Middle East, Africa |
| Format: | 
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