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Du plans $587m investment in network
25 February 2010
Emirati operator Du, which made a $143m profit in 2009, plans to invest $587m in enhancing its network in 2010
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Du
Emirates
UAE
Emirates Integrated Telecommunications
Emirates Integrated Telecommunications is planning to inject at least $587 million in 2010. The company, known as Du, is planning to invest about $354 million on its mobile network infrastructure and about $233 million on the fixed-line and broadcasting business.
The investments in 2010 could exceed $587 million. The UAE fixed-line, mobile and internet provider is seeking to enhance its infrastructure to boost its customer base.
The company will target customers who spend more on services such as music downloads or high-speed web access.
CEO Osman Sultan said that the company, which invested $653 million in 2009, increased its active mobile subscribers by 1 million in 2009, bringing its subscriber base to 3.48 million.
The company posted a net profit before royalty of $143.7 million for 2009, against $2.18 million for 2008. GTB