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Introduction to Finance - PDF

   

Added on  2021-06-15

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Running head: INTRODUCTION TO FINANCEName of the Student:Company analysed: Emirates Telecommunication Group CompanyBrief summary of the report:The current report intends to assess the business operations and background ofEmirates Telecommunication Group Company, in which details have been providedregarding its size, competitors and different financial ratios. The second segment of the reportwould lay stress on estimating the future performance of the organisation, profitability andrecommendation to the investor regarding purchasing or selling its stocks.

1INTRODUCTION TO FINANCETable of ContentsA. Company profile:...................................................................................................................2Question 1:.............................................................................................................................2Question 2:.............................................................................................................................2Question 3:.............................................................................................................................2Question 4:.............................................................................................................................2Question 5:.............................................................................................................................2Question 6:.............................................................................................................................2Question 7:.............................................................................................................................2Question 8:.............................................................................................................................3Question 9:.............................................................................................................................3B. Opinions and recommendations:...........................................................................................3Question 1:.............................................................................................................................3Question 2:.............................................................................................................................4Question 3:.............................................................................................................................4References:.................................................................................................................................5

2INTRODUCTION TO FINANCEA. Company profile:Question 1:The company selected for this assignment is Emirates Telecommunication GroupCompany PJSC, which is the leading telecommunication service provider in the province ofUAE. The organisation is headquartered in Abu Dhabi, UAE (Etisalat.com, 2018). Question 2:At present, there are two Chief Executive Officers (CEO) of EmiratesTelecommunication Group Company. Eng. Saleh Al Abdooli and Hatim Dowidar are theCEOs of the organisation and they are associated with the group since 1992 and 2016respectively. Question 3:Emirates Telecommunication Group Company was established in 1976 in the form ofjoint stock firm between International Aeradio Limited, a British firm and local partners.However, in 1983, there was a change in the ownership structure, since the UAE governmentheld 60% share in the organisation and the remaining 40% was traded publicly. Question 4:The organisation is trading in Abu Dhabi Stock Exchange (ADX). In ADX, it istrading under the ticker symbol of Etisalat, while the ticker symbol in Bloomberg is Etisalat:UH and in Reuters, it is trading under the ticker symbol of ETEL.AD. Question 5:Etisalat is a telecommunications service provider functioning in 19 nations in theMiddle East, Asia and Africa. It is offering fixed-line voice, mobile and data services toentities, individuals and global telecommunications firms, ISPs, mobile operators and contentproviders. It is considered as the significant hub for internet in the Middle East in relation tovoice, broadcast, corporate and roaming data services having considerable regional andglobal networks. Moreover, the organisation provides various hi-tech complimentary servicesto the telecommunications sector like technical and managerial training, payment solutions,SIM card manufacturing, peering, clearing house services, data and voice transit along withland cable and submarine services. Question 6:The size of Etilsalat could be identified in terms of its total assets, total sales and totalnumber of employees.Particulars20162017Total assetsAED122,520,663,000AED128,284,105,000Total salesAED52,360,037,000AED51,666,431,000Total number of employees38.90539,508Question 7:The UAE telecommunications sector is duopoly market, in which two serviceproviders are present. One of them is Etisalat and its biggest competitor in the market isEmirates Integrated Telecommunications Company (Du) providing similar kind of serviceslike Etisalat.

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