Du denies Saudi MVNO move
United Arab Emirates carrier du denies making any firm decisions on expanding into new markets via an MVNO business model.
The carrier states it remains focused primarily on its domestic business, and currently has nothing to report regarding expansion into new territories. However, the firm does concede it is always looking for ways to boost shareholder value, hinting that such expansion is not entirely off the table.
“Evaluating growth opportunities to maintain competitive advantage, increase shareholder value and ensure sustainable growth has, and will, continue to be the primary focus for du,” a company statement reveals. “With that in mind, and in the normal course of business, we always keep an eye on any opportunities that might be in the best interests of the company and its shareholders.”
The operator issued the statement in response to a report by Bloomberg claiming that chief executive Osman Sultan had confirmed du is eyeing expansion into other markets – specifically Saudi Arabia, which is gearing up to issue new MVNO licenses.