SME Times is powered by   
Search News
Just in:   • Growth data, European indices, subdue markets  • Industry body urges women-friendly budget to help them join workforce  • Goyal to co-chair India-Australia energy dialogue  • China's forex reserves drop by $99.5 billion  • FDI in India growing 48 pc, falling elsewhere: Sitharaman 
Last updated: 17 Dec, 2012  

Dubai.9.Thmb.jpg Dubai telecom firm bags $100-mn loan

Dubai.9.jpg
   Top Stories
» FDI in India growing 48 pc, falling elsewhere: Sitharaman
» PM launches IOCL refinery in Paradip, regrets project delays
» 'Start-ups initiative new hope for India'
» 'Indian economic recovery likely to slow'
» India to export diesel from Numaligarh refinery to Bangladesh
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:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
68.40
67.35
UK Pound
97.30
95.15
Euro
74.70
72.90
Japanese Yen 58.55 57.25
As on 08 Feb, 2016
  Daily Poll
Centre needs to take more steps to boost exports.
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(7)
» Fiscal dilemma(4)
» Modi regales entrepreneurs with one-liners on start-ups(2)
» Government announces first 20 'Smart Cities'(2)
» PM's Mann Ki Baat: Start-up not just about IT(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter