du invests $545 million yearly in network, infrastructure development and upgrades, according to Osman Sultan
The UAE has no need for a third telecom operator, according to du CEO 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 WAM in an interview.
Du, which ended rival Etisalat’s domestic monopoly in 2007, has invested an estimated at $5.4 billion (AED20bn) in the ten years since its launch.
Sultan said du invests $545 million (AED2bn) yearly in network, infrastructure development and upgrades, with nine million active mobile subscribers.
In January, the Emirates Integrated Telecommunications Company (EITC), the company behind du, announced that it would be offering mobile services under the Virgin Mobile brand, using the same network infrastructure.
In an interview with Arabian Business in September, Virgin Mobile UAE managing director Karim Benkirane said that the business could best be described as a research and development unit of EITC, rather than as an additional UAE telecom company.
“This is our model. We are an innovation lab,” he said.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.