SME Times is powered by   
Search News
Just in:   • Maruti reports 13.3 pc rise in sales in April  • Hyundai Motor India sells 54,420 units  • Markets drop on weak global cues  • South Korean exports falls 11.2 percent in April  • 99.9 pc people follows 2nd phase of odd-even system: Delhi Govt 
Last updated: 17 Dec, 2012  

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

Dubai.9.jpg
   Top Stories
» Parl panel for enquiry into irregularities in export units' scheme
» India has to become stronger by empowering its poor: PM
» States' rising debt, non-plan spending worries RBI
» Country's forex increased marginally to USD 361 bn
» No diesel cabs in Delhi-NCR now; SC refuses to extend deadline
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
67.50
65.80
UK Pound
95.65
92.60
Euro
77.25
74.70
Japanese Yen 62.05 60.05
As on 03 May, 2016
  Daily Poll
Will the GST bill be passed in Budget Session?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(7)
» Exports need strong push(2)
» Odisha chit fund scam: Charge sheet against Micro Finance Ltd(1)
» Markets drop on weak global cues(1)
» Kalraj Mishra emphasizes on research in MSME sector(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter