Du's mobile revenues up 13% in Q3

Strong demand for mobile data and increase in postpaid users help drive growth
Osman Sultan pointed to an improvement in data usage.
Osman Sultan pointed to an improvement in data usage.

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UAE telco Du increased its mobile revenues by 13% year-on-year in Q3, reaching AED 1.94 billion ($528m.

The telco, which competes with incumbent operator Etisalat, posted a net profit before royalty of AED 654 million, up 33.8% compared with Q3 2011.

Du claims 5.9 million active mobile customers after adding 227,800 new mobile customers to its base in the third quarter of the year. The telco said that its share of the UAE’s mobile market is now estimated by the TRA to be 47.2%.

Continued additions to the company’s customer base, post-paid segment growth and data usage supported revenue growth in the third quarter, the telco said in its earnings statement.

The company has also made progress in attracting and retaining high-end mobile users. Some 11.5%, or 26,300 of the mobile additions in the third quarter, were high-value post-paid customers. Du added that 475,800 high-value post-paid customers now represent 7.98% of the mobile customer base, up from 6.96% in Q3 2011. Mobile ARPU stood at AED 110 for the third quarter.

Mobile data usage continued to grow from AED 167 million in Q3 2011 to AED 323 million in Q3 2012, representing a 93.0% increase year on year.

Osman Sultan, CEO, Du, said: “Financial performance during the third quarter was stable, with a solid improvement in data usage. This reflects the global trend which indicates a shift of some voice revenues to data. du is well positioned to take advantage of this shift, as we continue to bring relevant and strong data products to market such as the roaming data bundles we introduced during the third quarter, and other value added services.”
 

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