The UAE’s number two operator Du is planning to raise around US$300m in an equity issue.
Du has said it will invest US$600m in expanding its services during 2010 and is conducting a rights issue that will close soon to account for part of the cost.
The…
The UAE’s number two operator Du is planning to raise around US$300m in an equity issue.
Du has said it will invest US$600m in expanding its services during 2010 and is conducting a rights issue that will close soon to account for part of the cost.
The operator is also considering a bond issue at some stage to raise additional funds.
Du currently has around US$815m of debt on its books.
