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| Sector | Industry |
Telecommunications |
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| Abu Dhabi |
| UAE (41) |
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Contact Details
Address:
Al Salam Tower, Building 14
Dubai Media City P.O. Box 502666 Dubai United Arab Emirates Tel: +971 4-360-0000 Fax: +971 4-360-4440 Email:
media.relations@du.ae
Website:
www.du.ae IPO Details
Listing Date:
22Apr06
Size of Offering:
$659.97M
Equity Offering:
20%
Lead
Managers:
EFG-Hermes Holding
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Business Overview
The UAE-based Emirates Integrated Telecommunication Company (du) provides fixed, mobile, broadband, IPTV and broadcasting services. Du broke Etisalat’s 30-year monopoly, when it was established in 2005.
The company provides satellite broadcasting services to regional and international media companies, through its subsidiary, du Broadcasting Services (Samacom); it also provides telecommunications services, through three other subsidiaries, in the UAE. The company’s annual mobile subscribers grew by 25% to 4.3 million, by the end of 2010, while its fixed line, broadband, IPTV and broadcasting subscribers together grew by 38%, annually, to 561,000. Du held 40% of the mobile market in the UAE, in 2010. It grew its annual profits by 396% to AED1.3 billion (USD356 million) and its total revenues by 32.51% to AED7 billion (USD2 billion), in 2010.
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