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Etisalat restructures new FM unit

Etisalat, the UAE telecoms company, has formed a specialist FM unit as part of a group wide restructuring exercise.

Etisalat, the UAE telecoms company, has formed a specialist FM unit as part of a group wide restructuring exercise.

“This will see the corporation being divided into three distinct units,” said CEO Mohammed Al Qamzi.

He added: “Etisalat, which provides full telecommunication, Internet and Cable TV services; Etisalat International, which handles all the international investments and expansion of the Corporation; and Etisalat Services, which will provide all non-basic telecom services.”

The new services holding company will comprise eight specialist units: Emirates Data Clearing House (EDCH), Etisalat Academy, Ebtikar Card Systems, e-marine, Facilities Management Unit, Facilities Development Unit, e-property Unit, and the Special Projects Unit.

The telecoms company had been linked to a possible flotation of its subsidiary Etisalat Services, but the company has denied the reports.

Al Qamzi added: “Establishing etisalat Services as an independent company is in line with the corporation’s strategy.”
 

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