The Dubai teleco du (or Emirates Integrated Telecommunications Company) reported first quarter 2021 revenues of Dh2.88 billion compared to Dh2.98 billion last year. The decline of 3.35 per cent can be attributed to pandemic-induced market factors.
However, revenues grew 5.2 per cent quarter-over-quarter, for a third consecutive quarter of growth and reflecting a gradual recovery for several business activities. Mobile revenues stabilized at Dh1.31 billion, owing to 1.9 per cent growth in subscriber base to 6.8 million. On a year-on-year comparison, mobile revenues showed a 12.7 per cent erosion, possibly due to a slight dip in average revenue per user.
It could be because international transit is still on the lower side, resulting in reduced buying pressure of prepaid services. Capex was recorded at Dh568 million (+83 per cent year-on-year), reflecting a continuation of the capital deployment plan. The company seems to be positioning itself for the expected 5G rollout by impr
du deploys first 5G leased line for enterprise in UAE
DUBAI, 3 hours, 58 minutes ago du, from Emirates Integrated Telecommunications Company (EITC), has announced deployment of the first 5G leased line in the UAE for China State Construction Engineering Corporation Middle East (CSCEC ME) office in Dubai Industrial City. Using the latest 5G technology for the first time for a leased line, du will provide highly efficient and reliable leased line telco services. In addition to exclusive connectivity, the leased line is also able to meet service level requirements for critical end-use applications. Through ample network coverage along with high capacity, it guarantees high-speed download and upload speeds as well as provides users with complete control, ensuring an uninterrupted and enhanced user experience.
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Emirates Integrated Telecommunications Company – also known as du – will continue to inject capital into strengthening its network and its digital transformation to build capacity for a pandemic-led communications boom.
The UAE s second-biggest telecoms operator has committed 19.7 per cent of its quarterly revenues to capital expenditure on an ongoing basis, Fahad Al Hassawi, acting chief executive of EITC, said.
Focus areas for investment include digital transformation, core network improvements and a 5G rollout.
“Digital transformation was always our priority but the pandemic has accelerated our focus and the pace of momentum,” Mr Al Hassawi, told
The National in an interview.
du deploys first 5G leased line for an enterprise in UAE zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
DUBAI: Emirates Integrated Telecommunications Company, the UAE telecom company better known as du, reported a 27 percent fall in first quarter profit compared to a year earlier.
The Dubai-listed company reported profits of about 257.1 million dirhams ($70 million) for the period with overall sales only marginally lower at 2.88 billion dirhams.
Still, the company said profits had quadrupled compared to the previous quarter as the UAE economy slowly rebounds from the depths of last year’s lockdowns.
Recent growth has been driven by a rise in Du’s broadband customers, which grew by about 13,000 in three months, as well as a jump in iPhone 12 sales and other 5G-enabled devices.