UAE doesn't need third telecom operator: du CEO

10/10/2017 15:17 AST

The UAE market doesn't need a third telecom operator, according to CEO of du, Osman Sultan.

"The UAE market doesn't need a third telecom operator for the time being as competitiveness in the market is promising for greater prosperity in the telecom services in future,'' Sultan told the Emirates News Agency, WAM.

According to him, du's accumulative investment in the UAE is estimated at AED20 billion since it was founded ten years ago.

The Emirates Integrated Telecommunications Company, du, is investing nearly AED2 billion a year on network and infrastructure developments and upgrades, Sultan said during the interview with WAM.

He revealed that du serves 9 million active mobile subscribers, reflecting the customers' confidence in the company's quality products and services.


WAM

News

du collaborates with Cisco on IP core network mode

04/03/2018

UAE-based telco 'du,' from Emirates Integrated Telecommunications Company (EITC), and Cisco announced a collaboration to build a future-proof network that is designed to support du's rapid transforma

Saudi Gazette

UAE's du and Nokia working together to deploy 5G

01/03/2018

UAE state-owned telco du announced on Wednesday that it was "actively working" with Nokia to bring 5G services to the country this year.

According to a statement from the company, it is wo

Gulf News

Full telecoms competition in the UAE inches closer after du launches nationwide TV service

22/02/2018

Du has announced the availability of limited home internet and TV packages across the UAE, marking the beginning of full competition in the UAE's telecoms space 11 years after the second operator fir

The National

Most Viewed Companies

Ticker Price Volume
NADEC 27.30 1,369,614
DU 6.55 441,215
ARDCO 29.25 233,374
ZAINKSA 10.82 1,868,409
A.OTHAIMMARKET 11.90 545,416
LUMI 77.50 102,302
ALRAZI 43.00 800

Valuation

DU Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap