du boss speaks out on costs and competition

Thu 21 Oct 2010 03:26 PM GST
Osman Sultan on why the UAE is still a growth story for telecoms firms

Is the UAE telecoms sector as competitive as it should be? The country’s second operator, du, was launched as part of a government programme to boost competition in 2006. But while costs have come down the industry is still being criticised for delays in infrastructure sharing and number portability agreements.

ABTV speaks to Osman Sultan, the CEO of du, to get the lowdown on what he thinks about the telecoms industry and why he thinks the UAE is still a growth story for the operator. Sultan has been leading the firm since its inception and has built up du’s market share to 37 percent.

In February the firm, which is part owned by Dubai Holding and Abu Dhabi’s Mubadala, reported full year profit of AED528m ($144m), compared to AED8m ($2.2m) in 2008 and said that all segments of its business had grown.

The operator, which is due to release its fourth quarter results in November, could announce a 57 percent increase in earnings, according to Bloomberg.