Dubai: An 8.9 per cent rise in mobile service subscribers and demand for its broadband ensured UAE telecom du record Dh12.75 billion in 2022 revenues, up 9.2 per cent. Plus, there continues to be sustained demand for 5G handsets and with it related – and premium – subscriber services.

The du Board of Directors is recommending an increase in full-year dividend to 24 fils per share. (Shareholders received 11 fils a share were paid as an interim dividend in August last.)

According to Fahad Al Hassawi, CEO, “In 2022, we accelerated the recovery that we initiated the previous year. Our new mobile products such as unlimited mobile data plans helped us reverse the declining trend in our mobile business.

"Our new fixed-home wireless services have been extremely well-received and has attracted a new segment of customers. This allowed us to deliver an excellent 9.2 per cent growth in revenues to reach Dh12.75 billion, surpassing pre-pandemic levels."

More to follow...