UAE based telecommunications provider- Du, is said to have enough funds to repay its Dh3 billion of the debt due in June (this year).
Du has tagged about Dh1.7 billion for capital expenditure ; and the company?s expanding subscriber base is likely to help a 20 percent rise in revenues this year.
The Telco?s main focus, since its launch in 2007 has been infrastructure spending and network upgrades.? Du?s first quarter profit, before royalty fees, has doubled more than Dh412 million, from the year earlier.
Osman Sultan, du?s chief executive said, ?What I should have more on my radar screen is sustainable growth. We are targeting 20 percent top line growth in 2011.?