Du to borrow AED3 billion to fund network expansion

28 Jul 2008

Fixed and mobile operator Du is to borrow AED3 billion (USD817 million) in syndicated loans to pay for network expansion. CEO Osman Sultan told Emirates Business that Du invested AED491 million in the quarter ended 30 June 2008, bringing year-to-date investment to AED888 million.

United Arab Emirates, Du (Emirates Integrated Telecommunication Company, EITC)