du net operating cost Dh132.25m

DUBAI — Emirates Integrated Telecommunications Company PJSC (du), yesterday reported that the company has already invested Dh1.4 billion for building its infrastructure for nationwide launch this year.

By A Staff Reporter

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Published: Mon 31 Jul 2006, 11:08 AM

Last updated: Sat 4 Apr 2015, 1:12 PM

The company also reported a net operating cost of Dh132.25 million from December 2005 to June 2006. Ahmed bin Byat, chairman of du said: “The investments were in line with projections and du continues to be on track for its upcoming launch. It is very pleasing to see the progress that has been made over the last six months since the inception of the company. In this time we have acquired the telecom assets of TECOM Investments, been awarded the 2nd telecommunications licence for the UAE and had our shares listed on the Dubai Financial Market.”

“Meanwhile, we are investing heavily in building the infrastructure of the company, particularly in world class networks and IT systems. I have no doubt these investments will result in achieving the exceptional quality of services that du plans to deliver for the benefit of all consumers in the UAE.”

Osman Sultan, du’s Chief Executive Officer said: “We are driving a number of key initiatives to establish our business for launch later this year. In addition to building infrastructure and other operational capabilities, recruiting and developing the best talents and growing them within the du family is our other priority. Particular emphasis is being laid on attracting UAE national resources.”

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