Reuters: UAE overhauls Etisalat board after profit slump

“The appointment of the new chairman comes at a time when the federal government is likely to be concerned about Etisalat’s performance and future direction,” said Matthew Reed, a senior analyst at Informa Telecoms and Media in Dubai.

“Etisalat’s financial performance in the UAE has come under sustained pressure as a result of competition from du, while Etisalat’s international operations still only contribute a relatively modest share of revenue.”