Etihad Etisalat Co. — Earnings Release 2012

Oct 20, 2012

Etihad Etisalat (Mobily) announces its Consolidated Interim Financial Results for the Period ended 09/30/2012 (9 months) (CONTINUED1)

7020 · 20/10/2012 08:29:51 · Announcement #27406 · View on Saudi Exchange

Etihad Etisalat (Mobily) announces its Consolidated Interim Financial Results for the Period ended 09/30/2012 (9 months) (CONTINUED1)

Alsaghyir added that the prosperous economy of the Kingdom and growing government spending on projects, have led to increased business activities, something which improved the business sector revenues. Consequently, Mobily will be focusing on the business, information and communications technology (ICT), and data (fixed and mobile) sectors; besides, focusing on clinching partnership agreements with international companies. In this regard, Mobily has recently signed a partnership agreement with IBM for investment in the development of Data Security, Business Continuity and Cloud Computing services. This agreement, which comes with the business sectors focus on reducing costs and raising operational efficiency in order to increase productivity, will allow Mobily cooperating in and benefiting from IBM research. The two companies will jointly invest in building the Security Operations Center (SOC), the first of its kind in the Middle East region. Currently, Mobily has data centers in Riyadh, Jeddah, Dammam and other cities, with plans to establish a number of new centers.

Alsaghyir indicated that broadband remains the most important source of growth for the Company in the short and medium terms. He also stressed the Company's leadership in LTE network, which covers, through its affiliate, Bayanat Al Oula for Network Services, 31 cities in the Kingdom. Alsaghyir continued to say that the company will continue to invest in its infrastructure capabilities in order to keep delivering growth in the medium and long term.

It should be mentioned that revenues from the fiber-optic and fourth-generation (LTE) services, had increased 46% during the nine months, compared to the corresponding period of the previous year. In addition, the volume of mobile data traffic had increased in unprecedented way to 600 terabytes per day.

(CONTINUED)

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