Du surpasses three million subscribers

Du, the UAE’s second integrated telecommunications operator, announced today it had reached the milestone of three million mobile subscribers after only 21 months of operation.

The announcement comes shortly after the company achieved its first-ever quarterly net profit since inception, of AED31 million (US$8.44 million) during the third quarter of 2008, a full year ahead of the timeframe quoted in its financial plan.

Du launched services in February 2007, ending the monopoly of incumbent Etisalat, at a time when mobile penetration was already in excess of 100 per cent.

The operator is aiming for 30 per cent market share and has close to 25 per cent now.