May
29
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5/29/2009 6:55 AM
The UAE's two mobile networks, Du and Etisalat are reported to be in talks that could lead to network infrastructure sharing in an effort to cut operating costs. “Talks are continuing between Du and Etisalat on sharing infrastructure,” Du's CEO, Osman Sultan in a Bloomberg interview. “The current economic situation is pushing” the companies to share infrastructure, he added.Du has earmarked a CAPEX of US$545 million this year to expand its mobile network.Earlier this year, Du signed a marketing partnership with Vodafone. The company is 39.5% owned by the UAE Federal Government, 19.75% by Mubadala Development, 19.5% by Emirates Communications & Technology and the remaining stake by public shareholders.According to figures from the Mobile World subscriber tracker, du ended Q1 '09 with 2.75 million customers, of which just over a million are using its 3G network.
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