You are here: OPERATING COMPANIESDU

Operating Companies

Date of Investment 16th December 2008. EIT owns a 19.5% stake
   
Markets of operations UAE
   
HQ contact details www.du.ae
   
Principle activity Du (or Emirates Integrated Telecommunications PJSC) is an integrated telecoms service provider based in the UAE, established in December 2005. It provides quad-play services (fixed telephony, mobile lines, broadband connectivity and IPTV) offering data, video and content services to residential and enterprise customers across the UAE, deploying state-of-the art technology.

Since the roll-out of its state-of-the-art 3.5G network in February 2007, du has focused on delivering highly differentiated and innovative mobile as well as fixed-line services.

du currently has over 4.5 million subscribers (as at March 2011) demonstrating its established presence in the UAE.

du employs almost 2,000 staff from over 60 countries, with over 50% of the senior management team consisting of UAE nationals.
   
Shareholders EIT 19.5%
Emirates Investment Authority 39.5%
Mubadala Development Company 19.75%
Publicly held 21.25%
   
Other information The company has an authorized, issued and paid up capital of over AED 4 billion and was listed on the Dubai Financial Market on 22 April 2006. In June 2010, Du successfully completed a rights issue that raised AED1bn ($272m). Founding shareholders and public shareholders purchased a total of 571,428,571 new shares, increasing the total amount of shares of the company to 4,571,428,571 shares.