Dubai's Emirates Integrated Telecommunications Co. (DU.DFM) has scrapped plans to expand into Saudi Arabia and is instead focusing on increasing revenue from mobile data and offering enterprise solutions to corporate customers, according the telco's chief executive.
The firm, better known as Du , was looking to expand abroad through an MVNO partnership in Saudi Arabia, but the telco doesn't meet the required regulatory criteria to bid for a licence, Osman Sultan told reporters at a press conference to announce the company's results.
"I have announced previously that we are looking at something interesting like an MVNO in Saudi...we are not anymore in this situation," said Mr. Sultan.
Read more: http://www.zawya.com/story/Dubais_Du_rules_out_Saudi_MVNO-ZW20130219000031/
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