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Du to grow rapidly
- United Arab Emirates: Wednesday, January 10 - 2007 at 16:45
EFG-Hermes is predicting UAE telco Du will have a mobile market share of 33%, and a fixed line share of 15%, by the end of 2010. Du should earn $156.6m in 2010, the investment bank said in a report. The main drivers for achieving breakeven at a relatively rapid pace are: a projected strong subscriber growth; high average revenue per user in the late $20s; and low cost of debt.
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James McInerney, News EditorWednesday, January 10 - 2007 at 16:45 UAE local time (GMT+4)
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This article was updated on Fri Jan 12 2007.
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