UAE telco Du reports 4.8% drop in year-on-year revenues for Q1 - Arabianbusiness:
Emirates Integrated Telecommunications Company (EITC), Du, has announced a 4.8 percent drop in revenues to AED2.99 billion for the first quarter of 2020 compared to the same period last year (AED3.14bn), which has been blamed on a contraction in mobile and other revenues.
According to a company statement released on Tuesday, mobile revenues for Q1 declined by 9.3 percent year-on-year (yoy) to AED1.5bn “impacted by lower voice revenues and a reduction in the prepaid customer base”.
It added that mobile revenues were particularly under pressure due to movement restrictions put in place across the country amid the Covid-19 outbreak and subsequent efforts to contain the virus, which led to “a shift toward fixed usage that affected particularly the company due to the importance of prepaid in its revenue mix”.
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