Du Q1 revenue up 20% on rising mobile data usage

10 May 2012

Emirates Integrated Telecommunications Company (Du), the United Arab Emirates’ second national telecoms operator, has announced it generated revenue of AED2.4 billion (USD653 million) in the first three months of 2012, an increase of 20.1% from AED2.0 billion in the year-ago quarter. Growth was primarily driven by a 21.8% year-on-year rise in mobile revenue to AED1.92 billion, 15.5% of which was accounted for by mobile data revenue, which more than doubled to AED297 million from AED141 million in Q1 2011. Du said that earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 49% year-on-year to AED925 million in the first three months of 2012, while net profit before royalty increased 61.8% to AED666 million, compared to AED412 million in Q1 2011. CAPEX totalled AED335 million in Q1 2012, more than half of which was focused on mobile infrastructure.

A total of 320,600 mobile customers were added during the first quarter of 2012 (including 50,400 post-paid users), bringing Du’s total wireless subscriber base to 5.536 million at the end of the reporting period, 7.5% of which were contract customers (up from 6.7% in Q1 2011). Fixed line customers meanwhile increased to 545,300, up 13.5% compared to the end of March 2011. Revenue generated by Du’s fixed business, including fixed telephony, TV and broadband, rose 21.2% year-on-year to AED409 million in 1Q12. Earlier this week Du announced it had successfully completed a 100Gbps transmission per wavelength trial on its optical transport network with China’s Huawei.

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

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