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These results showed a net pre-operating cost of AED 279.9 million for the quarter to 31 December 2006 bringing total net pre-operating costs for the period from December 28, 2005 to 31st December, 2006 to AED 608.5 million. It is expected that the final results will be released in mid February after completion of the external audit of the business.
On the back of the successful number booking campaign run in December and subsequently extended due to high demand, the company has announced that it will start fulfilling customers from 11th February and that all shops and indirect channels will be opened on 25th February. du's Chairman Ahmed Bin Byat stated that 'we believe that the uptake from the Number Booking Campaign demonstrates the UAE's true desire for choice in the telecommunications market space and we look forward to welcoming customers to du'
du's Chief Executive Officer, Osman Sultan, added ' With our planned release of products and pricing on 6 February I believe we are on track to enter the market place with an extremely attractive offering underpinning du's brand values.'
du prepares for imminent launch
Emirates Integrated Telecommunications Company PJSC (du), today released its non audited Financial Results in line with the requirements of the Emirates Securities and Commodities Authority directive.
- United Arab Emirates: Wednesday, January 31 - 2007 at 14:22
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For further information, please contact:Luma Jasim Bourisly
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du
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About du
du is the UAE's second licensed telecommunications operator. The company, an integrated operator, currently provides fixed line, internet and Pay TV services. Later this year, du will expand its operations with the launch of its mobile services across the UAE.
du is 40% owned by the UAE Federal Government, 20% by Mubadala Development Company, 20% by TECOM Investments and the remaining 20% held by public shareholders.
du is listed on the Dubai Financial Market (DFM) and trades under the name du.
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, January 31 - 2007 at 14:22 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Friday, February 02 - 2007
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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