UAE news roundup, 31 October 2006
Etisalat expects to lose 20-30pc market share in UAE. "Etisalat expects Du to secure between 20 and 30 per cent of the domestic mobile phone market within three years of its launch, Julfar said. In order to avoid a corresponding decline in revenues, Etisalat will launch a cost-cutting campaign that will include merging business units to improve efficiency, Julfar said. He said he did not expect major layoffs among the firm’s 10,000 employees. The company also plans to readjust its tariff rates to maximise profits, Julfar said. For instance, Etisalat will increase subscription charges on fixed-line business phones, while reducing rates on international calls, he said."