Du telecom reaches 400,000 subscribers
du, the country’s second telecom company, has nearly doubled its mobile subscribers to 400,000 within months of launching service, a newspaper reported on Friday.
The daily quoted the company as saying subscriber count was up from 250,000 at the end of March, and that it was on course to meet its original target of more than 30 per cent of the mobile market by the end of 2009.
“A few days ago we exceeded 400,000 so we’re on a good curve. That’s getting close to 10 per cent of the population in a just few months since launch,” du’s CEO Osman Sultan was quoted as saying.
du’s competitor, Emirates Telecommunications Corp (Etisalat), the second-largest Arab telecom firm by market value, had 5.78 million mobile subscribers at the end of March.
Dubai-listed du, which launched its mobile phone network in February, doubled its revenues to 183.2 million dirhams ($49.89m) in the first quarter, but had a net loss of 215.8m dirhams, up from 55.4m dirhams a year earlier.
The UAE federal government owns 40 per cent of du, while Abu Dhabi-government owned Mubadala Development Co holds 20 per cent. Tecom Investments has a 20 per cent stake. Source
The daily quoted the company as saying subscriber count was up from 250,000 at the end of March, and that it was on course to meet its original target of more than 30 per cent of the mobile market by the end of 2009.
“A few days ago we exceeded 400,000 so we’re on a good curve. That’s getting close to 10 per cent of the population in a just few months since launch,” du’s CEO Osman Sultan was quoted as saying.
du’s competitor, Emirates Telecommunications Corp (Etisalat), the second-largest Arab telecom firm by market value, had 5.78 million mobile subscribers at the end of March.
Dubai-listed du, which launched its mobile phone network in February, doubled its revenues to 183.2 million dirhams ($49.89m) in the first quarter, but had a net loss of 215.8m dirhams, up from 55.4m dirhams a year earlier.
The UAE federal government owns 40 per cent of du, while Abu Dhabi-government owned Mubadala Development Co holds 20 per cent. Tecom Investments has a 20 per cent stake. Source
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