SME Times is powered by
Sensex drops 217 points; FMCG stocks tank
J.K. Cement's Jan-March profit down by 8.6 pc
Jayalalithaa launches 201 Amma Canteens, populist schemes
Nepal Stock Exchange resumes operations after one month
Facebook still favourite with most global brands: Study
17 Dec, 2012
Dubai telecom firm bags $100-mn loan
Return of 'feel good factor' for Indian economy
'India Inc expects Modi govt focus on rural economy'
Govt contains fiscal deficit at 4 pc; beats its own target
FM to meet I-T brass on non-adversarial tax regime Monday
'NDA graft-free govt, boosting cooperative federalism'
Staff Reporter | 17 Dec, 2012
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).
Print the Page
Add to Favorite
Share this on :
Please comment on this story:
(Maximum 1500 characters)
Customs Exchange Rates
As on 25 May, 2015
Do you agree that India is in a much better place after one year of Modi rule?
Starting an import export business: Basic guide for beginners
High time to cut rates
The Silk Road - A journey through history
Govt. approves subsidy for 2,221 cold storages
Pradhan Mantri Kaushal Vikas Yojana - A new direction towards empowerment of youth
Advertise with Us
Terms and Conditions
Follow Us :