Arab Today, arab today uae telco du posts rise in subscribers
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Arab Today, arab today
Arab Today, arab today

UAE telco du posts rise in subscribers

Arab Today, arab today

Arab Today, arab today UAE telco du posts rise in subscribers

Dubai - Arabstoday

UAE telecoms operator du beat analysts\' expectations on Monday as it reported a 50 percent rise in third-quarter net profit, driven by higher data revenue and contract mobile subscribers. Du made a net profit of AED244.3m ($66.5m), compared with a profit of AED163.1m in the same period a year ago. Du, which ended Etisalat\'s domestic monopoly in 2007, said revenues were AED2.23bn n the quarter, up from AED1.74bn a year earlier. Mobile subscribers, which accounted for more than 75 percent of quarterly revenue, rose 162,000 from the second quarter to 4.94 million at September-end to give it a 45 percent market share. Contract customers, which typically spend more than their pre-paid counterparts, \"continued to grow\", du said, and now account for 7 percent of mobile subscribers. Data revenue rose 46 percent year-on-year to AED167m, proving just under 10 percent of mobile revenue. Du said it had 639,700 fixed line customers in the third-quarter, up 24 percent from a year earlier. It added 16,100 lines in the three months to Sept 30, implying slowing growth

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