17 Dec 2012
(MENAFN) Emirates Integrated Telecommunications Company (du) has secured a USD100 million financing deal to fund its businesses, Arabian Business reported.
Osman Sultan, CEO of du said that the nature of the telecoms business is that it requires sustained investment in infrastructure.
He added that the cash will be used to fund the acquisition of equipment from Huawei to enhance network performance and operations in HSPA+, LTE and Advanced LTE.
du, which ended rival Etisalat’s domestic monopoly in 2007, earned USD89 million net profit in the third quarter ended September 30, up from USD66.5 million a year earlier.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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