Steady Q2 2017 progress, but the overall picture is still worrying
du recorded a healthy increase by 6.2% in its Q2 2017 revenues at AED3.255bn, taking H1 2017 revenues to AED6.421bn, up 4.3%, yoy, with a slight increase in Mobile revenues and a drop in Broadcasting services revenues which was offset by a strong revenue performance across Fixed and Wholesales services. Indeed, in the face of the mobile market saturation in the UAE and increased pricing pressures from Etisalat, du’s Mobile revenues increased by only 2.5% in H1 2017, at AED4.531bn (70.6% of total revenues vs.
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