Du chief sees 25% revenue growth in 2011

Du CEO hopes to start mobile phone number portability by year-end.
Osman Sultan hopes to see mobile number portability by the end of the year.
Osman Sultan hopes to see mobile number portability by the end of the year.

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Du, the UAE's second-biggest phone company, said full-year revenue growth will be higher than 25%, CEO Osman Sultan said on Sunday.

The company hopes to start mobile phone number portability before the end of this year, Sultan also said in comments published by newswire Bloomberg.

The latest deadline to launch the service had been the end of September and would have allowed customers of Du and rival Etisalat to switch providers and keep the same phone number.

In August, Du announced that profits before royalty rose 51% to $56.4 million, while revenues rose 28% to $591 million.

The telco added a further 171,000 new mobile customers in the quarter, taking its subscriber numbers to around 4,775,900 active users.

Mobile revenues were up by 32% against the same period last year, helped by post-paid customers, who contributed 44% of growth in that segment.

Mobile average revenue per user (ARPU) rose to $30 from $32.

Etisalat saw its net profit drop by 14.9% in the second quarter, missing analysts’ forecasts.

Etisalat said it had 7.5 million mobile subscribers across the UAE at the end of the second quarter, up by 0.9% on the previous quarter.

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