Founded in 2006, Emirates International Telecommunications LLC (EIT) is a subsidiary of Dubai Holding investing in communications within the Middle East, North Africa and Europe.
EIT's mandate is to grow shareholder value by investing locally and internationally across the communications value chain and actively managing value creation in the portfolio operating companies.
EIT has a dynamic and experienced management team. Ahmad Bin Byat, widely acknowledged as the founder and leading visionary behind the creation of Dubai's knowledge economy, serves as the Chairman of EIT as well as being Chief Executive Officer of Dubai Holding. Deepak Padmanabhan, one of the leaders responsible for creating and building the Dubai Internet and Media Cities as TECOM Investments' Chief Strategy and Business Development Officer, was pivotal in founding EIT and has served as its Chief Executive Officer ever since.
EIT acquires significant ownership stakes in communications companies, typically with management control, allowing EIT to actively manage such assets and increase shareholder value. The investment profile includes integrated telecom operators, Internet service providers and media and backbone companies.
EIT's unique shareholder position combined with both investment and operating expertise enables EIT to lead in key areas including business development and deal sourcing, while also driving operational excellence and effective asset management. Consequently, EIT has a unique capability and expertise to develop highly effective strategies for value-creation programs and manage their execution within its operating companies.
EIT portfolio management practice is driving value creation at the operating companies' level through transformation, organizational restructuring, strengthening competitiveness and managing risk, as well as pushing the execution of improved operational strategies focused on topline growth and margins expansion, cost efficiencies, balance sheet management, capital allocation and people, to generate superior returns for EIT as the shareholder.