Du (company)
The du logo in use since 2006
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| Public company | |
| Traded as | DFM: du |
| Industry | Telecommunications |
| Founded | 2005 |
| Headquarters |
Al-Salam Tower, Dubai, United Arab Emirates (Head office) |
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Area served
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United Arab Emirates |
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Key people
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Ahmad Bin Byat (Chairman) Osman Sultan (CEO) |
| Products | Fixed line and mobile telephony, Internet services, digital television |
| Revenue |
 US$ 3.36 billion (2015)
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 US$ 530 million (2015)
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Number of employees
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2,000 |
| Subsidiaries | EITC Investment Holdings Limited |
| Website | www |
Emirates Integrated Telecommunications Company (Arabic: شركة الإمارات للاتصالات المتكاملة), commercially rebranded as du in February 2007, is one of the two telecom operators in the United Arab Emirates (the other one being Etisalat). du offers fixed line, mobile telephony, internet and digital television services across the United Arab Emirates.
Du’s official name is Emirates Integrated Telecommunications Company (EITC). It was commercially branded as du in February 2007. 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.
EITC is 39.50% owned by Emirates Investment Authority (EIA), 20.08% by Mubadala Development Company, 20% by Emirates Communications & Technology Company LLC (ECT) and 20.92% by public shareholders. It is listed on the Dubai Financial Market (DFM) and trades under the name du.
In 2012 du achieved like for like revenues of AED 10.16 billion (reported revenue AED 9.8 billion), an increase of 14.71% on 2011. The company acquired 1,241,251 net new mobile customers and they estimate overall market share as 48.7% and value share as 32.5% in their Consolidated Financial Statements for 2012."Consolidated Financial Statements" (PDF). DFM..
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