Saleem Al Balooshi, Chief Infrastructure at du, announced the launch of the second phase of the 5G network in the UAE by the end of 2020.
The Emirati telecom operator also aims to invest around AED 1.3 billion to AED 1.5 billion this year, mainly in the preparations for the 5G network. The company has already begun collaborating with a number of global mobile phone manufacturers to launch 5G supported devices in the market, he added.
du announced the signing of a commercial agreement with wi-tribe Pakistan LDI (Private) Ltd, a subsidiary of HB International Investments Ltd, to build ‘Orient Express Cable System’, a 1,400-kilometre submarine cable system between Karachi and Gwadar in Pakistan and Kalba in the UAE.
Under the agreement, both companies will work jointly to ease the development of a high capacity low latency submarine cable between Pakistan and the UAE, du said in a statement to the ADX.
du previously announced it logged a profit after royalty of AED 464 million during the second quarter of 2019, up 2.5% from AED 453 million in Q2-18.