|
|
|
|
|
11th Jamadi-ul-Awwal 1436 | Wednesday, Mar 04, 2015
Islamic World

Dubai telecom firm Du bags $100-mn loan

Sunday, 16 December 2012
Comments(0)
Dubai, December 16:

Dubai telecom operator Du has secured a $100-million loan from the Singapore-based DBS bank in order to upgrade its network performance.

The Emirates Integrated Telecommunications Company, better known as Du, has signed the agreement with DBS bank, Xinhua reported Sunday.

Du's chief executive Osman Sultan said the money will be used to buy equipment from Huawei Technologies, a Chinese telecom company based in Shenzhen.

Du, founded in February 2007, is the second telecom operator of the United Arab Emirates and shares the UAE market with Abu Dhabi-based leader Etisalat in a duopoly.

In the third quarter, Du posted a 34-percent year-on-year rise in net profits amounting to 326.9 million dirhams (about $89 million).

--IANS--

Latest News

Astronomers observe wayward star cluster in Milky Way's 'subur...

Astronomers have recently observed star cluster in Milky Way's suburbs that seems oddly out of plac ...

Uma Thurman reveals why she 'rarely' smiles on red carpet

Uma Thurman has explained the reason why she rarely smiles on the red carpet saying that she was tr ...

Kohli's abusive behaviour reported to ICC and BCCI

The controversy surrounding Virat Kohli's abusive behaviour with an Indian journalist refused to sub ...

Related News

Father of IS Jihadi John calls son 'a dog, an animal, a terrorist&#...

The father of Islamic State (IS) militant Mohammed Emwazi, popularly known as Jihadi John, has said ...

‘Attractive jihadis used as eye candy to lure girls’

Attractive men are used as 'eye candy' to lure young British Muslim girls into adopting extremist id ...

IS militants allow jihadists to play table football only if they behead ...

Islamic State (IS) militants are allowing jihadists to play table football only on one condition, th ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26360 (Per 10g)

Opinion Poll
Do you think the dharna against Modi Government's land ordinance would be successful?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com