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Emirates Integrated Telecom 

“Market Cap $7.48 B As of May 2014

At a Glance

  • Industry: Telecommunications services
  • Founded: 2006
  • Country: United Arab Emirates
  • CEO: Osman Sultan
  • Website: www.du.ae
  • Employees: 2,000
  • Sales: $2.94 B
  • Headquarters: Dubai

Forbes Lists

#1695 Global 2000

  • #1092 in Profit
  • #1393 in Market value
Profile

Emirates Integrated Telecommunications Co. PSJC provides telecommunication services. It offers fixed, mobile, broadband, broadcasting and associated telecommunications services. The company operates through four business segments: Mobile, Fixed, Wholesale and Broadcasting. The Mobile segment offers mobility services to the enterprise and consumer markets, which services include mobile voice and data, mobile content and mobile broadband WIFI. The Fixed segment provides wire line services to the enterprise and consumer markets, which services include broadband, IPTV, IP/VPN business internet and telephony. The Wholesale segment provides voice and data services to national and international carriers and operators that services include termination of inbound international voice traffic, international roaming agreements and point-to-point leased line connectivity. The Broadcasting segment delivers integrated satellite and broadcasting services to broadcasters and media companies. Its products include mobile phone plans, handsets, contents, and broadband. It also offers landline and television subscription. Emirates Integrated Telecommunications was founded in December 28, 2005 and is headquartered in Dubai, United Arab Emirates.

“Emirates Integrated Telecom History

Du’s official name is Emirates Integrated Telecommunications Company (EITC). It was commercially branded as du in February 2006. The company had 4.5 million subscribers as of the end of March 2011. The company launched mobile telecommunication services in February 2007 across the UAE and it reported its 2008 full year results in February, revealing it had added 1.88 million mobile customers over the 12 months. Revenue of $1.08bn was 157% up on the previous year. Before the launch of services in 2006, shareholders offered 20% of their shares in an IPO. Emirates Bank and Emirates Financial services managed the share sale.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “The du Channel