du acquires licence to operate Virgin Mobile-branded services in UAE within weeks
du [DU.DU] has acquired a licence from Virgin Group to operate Virgin Mobile-branded services in UAE within weeks, according to Osman Sultan, the company’s CEO. The licence duration is over five years and grants du full rights to ownership, management and operation of the Virgin brand in the UAE. (Reuters) du (DU): AED6.00 as of 31 Jan. 2017, Rating: Neutral, TP: AED6.02/share, MCap: USD7,474mn, DU UH/DU.DU
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