H1 2015, Unexpected disappointment
DU recorded poor H1 2015 results, with a decrease in revenues across all its business segments, except for the Fixed one. H1 2015 total revenues reached AED6.142bn, up by only 2.7%, yoy. This slight increase was supported by strong contributions from the mobile data and fixed line segments. Indeed, the mobile market saturation in the UAE, coupled to increased pricing pressures from Etisalat, has braked the Mobile revenues growth, which fell by 0.4%, yoy, to AED4.478bn (72.9% of total revenues vs.
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