Etisalat, du collaborate under Taawun agreement to provide infrastructure for Dubai Properties developments
Emirates Telecommunication Group (Etisalat) [ETEL.AD] and du [DU.DU] teamed up with Dubai Properties to provide smart ICT infrastructure for future construction developments, according to Telecompaper. There are over 50 projects under the Taawun agreement, which is expected to benefit over 20k Dubai Properties units by 2022. The network operators will provide FTTH network; 3G and LTE mobile coverage; upgraded internet infrastructure; and, eventually, smart city services.
du (DU): AED4.90 as of 21 Jun. 2018, Rating: Neutral, TP: AED6.10/share, MCap: USD6,052mn, DU UH/DU.DU
Etisalat (AD): AED16.05 as of 21 Jun. 2018, Rating: Neutral, TP: AED18.60/share, MCap: USD38,035mn, ETISALAT UH/ETEL.AD
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