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Du sees possible regional expansion after two years
- United Arab Emirates: Thursday, February 21 - 2013 at 03:26
UAE telecoms firm Du has said it's dropping plans to expand into Saudi Arabia because it would need to find a partner, Reuters has reported. The Dubai-based firm did not meet the criteria to bid for one of three mobile virtual network operator (MVNO) licences for sale in Saudi Arabia, said Du chief executive, Osman Sultan. "We wouldn't qualify directly [and] going there through some kind of partnership would make the financial equation less interesting," Sultan told reporters. "I don't see us going into regional expansion at least in the coming two years in the traditional way, which is new licences."
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