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24-Jun-2019

du strikes deal with Batelco to deliver regional connectivity, data centre services

Emirates Integrated Telecommunications (du) [DU.DU] signed a 50/50 JV agreement with Bahrain Telecommunication (Batelco) to create an infrastructure platform that will deliver connectivity and data centre services across the region. No further details on the agreement were disclosed. (Company disclosure)
 
du: AED5.15 as of 23 Jun. 2019, Rating: Buy, TP: AED6.50/share, MCap: USD6,356mn, DU UH/DU.DU