(MENAFN- Mid-East) financial commitment to support inclusive economic growth and improve the overall lives of communities across Africa, Asia, and the Middle East.
Barcelona: e& today made a commitment to the International telecommunication Union's (ITU) Partner2Connect Digital Coalition. In an announcement at Mobile World congress (MWC), e& pledged to invest $ 6 billion between 2024-2026 in technological advancement, infrastructure development, and innovative digital solutions to extend meaningful connectivity to everyone. This investment is set to provide accessible and affordable Network connectivity and digital services across its 16 operating countries in Africa, Asia, and the Middle East.
Hatem Dowidar, Group Chief Executive Officer, e& said:“With Partner2Connect our commitment to building state-of-the-art connectivity has always been part of our DNA. This plays a key role in supporting the advancement of economies that are digitally inclusive while making people's overall lives better. With these investments, we can also better serve customers and allow them to engage in more economic activities. As e& pledges to invest $6 billion in digital infrastructure and services, we aim to drive economic growth, innovation, and infrastructure development, significantly reducing inequalities and empowering communities to thrive in a more inclusive and connected digital world.”
For e& customers in emerging markets, new financial, health, and educational services will increasingly hinge on high-speed connections via fibre or wireless broadband. Telecom infrastructure will also be crucial in driving access to education, healthcare, government services, and economic opportunities.
The group's markets vary from the UAE, with the world's fastest mobile network and the highest percentage of fibre penetration, to Pakistan and African countries with limited connectivity. With e&'s commitment to the P2C coalition, it will strengthen its innovation capabilities and technology adoption in highly developed markets like Saudi Arabia and the UAE.
Harrison Lung, Group Chief Strategy Officer, e& said:“Our commitment to ITU's Partner2Connect Coalition is all about making a meaningful impact on people's lives, ensuring the digital revolution leaves no one behind. e&'s pledge focuses on building a robust digital ecosystem, empowering communities and connecting people.”
e&'s pledge aims to provide meaningful connectivity in emerging markets, including UAE, Saudi Arabia, Pakistan, Egypt, Afghanistan, Benin, Burkina Faso, Central African Republic, Ivory Coast, Gabon, Mali, Mauritania, Morocco, Chad, Togo, and Niger.
The group investment plan is set to enhance network accessibility and affordability in emerging economies by expanding network coverage and increasing speed and access for individuals in areas where access is limited or expensive. It will also facilitate the widespread adoption of digital services, ensuring essential services like mobile financial solutions, telehealth, and education reach those in underserved regions.
The group is also set to pioneer cutting-edge innovations, expand the application of AI, and reinvest in building networks of the future to accelerate technology adoption and increase fibre penetration and fast mobile network speeds.
Doreen Bogdan-Martin, Secretary-General, ITU, said:“Universal meaningful connectivity is within our grasp. Thanks to these new commitments, millions of people will benefit from accessible and affordable connectivity across the world.”
“We believe the journey towards universal and meaningful connectivity is a collective responsibility that requires the will and action of us all. We look forward to partnering with the ITU and governments in contributing to the 2030 Sustainable Development Goals.” Dowidar added.
With its $6 billion commitment to ITU's Partner2Connect Digital Coalition, e& builds on its contributions to the Sustainable Development Goals (SDGs) – including Quality Education, Gender Equality, Industry, Innovation and Infrastructure, and Reduced Inequalities – while supporting ITU's efforts to connect the world.
The pledging platform maintained by the ITU has mobilised commitments worth over 46 billion over the past two years, aiming to extend meaningful connectivity to everyone worldwide.
About e&:
e& is one of the leading technology groups in the world. Boasting impressive financial figures for 2023, with consolidated net revenue reaching a staggering AED 53.8 billion and consolidated net profit surging to AED 10.3 billion, the Group's impeccable credit ratings reflect its strong balance sheet and track record of sustained success.
Founded in Abu Dhabi over 48 years ago, the Group has a rich legacy as the pioneer in telecommunications in the UAE. Today, its footprint spans 16 countries across the Middle East, Asia, and Africa, making it a leading player in the industry.
Innovation is ingrained in e&'s DNA to create an unbreakable bond between communities using cutting-edge digital solutions, smart connectivity and advanced technologies.
The Group has designed five strong business pillars that address various customer segments: e& UAE, e& international, e& life, e& enterprise and e& capital. Through these pillars, we strive to revolutionise the way people communicate, work and live by providing unparalleled services and exceptional experiences.
At e&, we are committed to pushing the boundaries of what is possible and delivering measurable results that make a difference in people's lives.
About ITU:
The International Telecommunication Union (ITU) is the United Nations specialized agency for information and communication technologies (ICTs), driving innovation in ICTs together with 193 Member States and a membership of over XX companies, universities, and international and regional organizations. Established in 1865, it is the intergovernmental body responsible for coordinating the shared global use of the radio spectrum, promoting international cooperation in assigning satellite orbits, improving communication infrastructure in the developing world, and establishing the worldwide standards that foster seamless interconnection of a vast range of communications systems. From broadband networks to cutting-edge wireless technologies, aeronautical and maritime navigation, radio astronomy, oceanographic and satellite-based earth monitoring as well as converging fixed-mobile phone, Internet and broadcasting technologies, ITU is committed to connecting the world.
About the Partner2Connect Digital Coalition:
Partner2Connect was launched by ITU in September 2021 to engage all stakeholders to mobilize and announce new resources, partnerships and commitments for universal and meaningful connectivity globally. Today, more than 400 organizations have committed to investing USD XX billion in the coming years to realize this shared vision.
MENAFN01032024005446012082ID1107922255
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.