Company Insights Du Telecoms Du Overview Telecoms company Du offers mobile telephony, fixed line, internet and digital television services to homes and businesses across the UAE. It also provides satellite services for broadcasters, internet exchange facilities, a data hub and carrier services. Originally known as Emirates Integrated Telecommunications Company (EITC) – a public joint stock company incorporated in Dubai in 2005 – it commercially rebranded as Du in February 2007. EITC’s subsidiaries are 50.12 percent owned by Emirates Investment Authority. Mamoura Diversified Global Holding and Emirates Communications & Technology Company also hold large stakes. Slightly more than 20 percent is then held by public shareholders. Du says it has more than 8 million subscribers. Du News Telecoms UAE’s du quarterly profit hits three-year high Dubai-listed Emirates Integrated Telecommunications Company (EITC), the operator of du and Virgin Mobile brands in the UAE, said third-quarter net profit was the highest in three years thanks to solid topline growth and customer base expansion. Net profit rose 43 percent year on year to AED719 million ($196 million), as revenue rose 9 percent annually […] October 29, 2024 Analysis Telecoms UAE broadband users pay dearly for lack of competition Telcos may have generated nearly AED94 billion ($25 billion) in revenue for the UAE government, but a lack of competition and steep costs means that residents have been hit with the highest broadband bills in the Gulf. With an average price of $142.65 per month, people in the UAE are paying more than double than […] August 18, 2024 Telecoms UAE’s e& revenue surges to $8bn in strong year for Gulf telcos Abu Dhabi-listed telco e& reported revenues of AED28 billion ($7.7 billion), rising 6 percent year on year, as the Gulf telecoms industry showed strong performance. Net profit grew by 17 percent to AED5.5 billion, driven by growth in local and international markets. Net earnings for the second quarter rose to AED3.2 billion, from AED2.5 […] August 2, 2024 Media & Advertising Du quarterly profit jumps 46% as subscribers rise Emirates Integrated Telecommunications Company (EITC), which operates the Du and Virgin mobile brands in the UAE, reported a 46 percent jump year on year in net profit to AED581 million ($158 million) as subscriber numbers increased. Revenue grew 7 percent to AED3.6 billion in the April to June period, compared to AED3.3 billion a year […] July 23, 2024 Tech du profit grows 58% to $137m as subscriber base increases Emirates Integrated Telecommunications Company (EITC), the operator for the du and Virgin Mobile brands in the UAE, said net profit rose 57.7 percent year on year to AED504 million ($137.22 million) in the third quarter of 2023. The telco reported the highest quarterly level over the last three years, driven by the ongoing demand for […] October 31, 2023 Tech Du parent posts Q2 profit surge as customers hit 8m Emirates Integrated Telecommunications Company (EITC), which operates the Du and Virgin Mobile brands in the UAE, reported a 31 percent increase in net profit on Wednesday. The growth was on the back of strong demand for mobile and fixed broadband services. Profits totalled AED397 million ($108 million) in the second quarter. Revenue rose by nearly […] July 26, 2023 e& takes $400m majority stake in Careem The former Emirates Telecommunications Group Company, e&, has acquired a $400 million majority stake in Careem. The super-app, which is owned by Uber, offers multiple services such as ordering taxis, grocery shopping and mobile payments. e& has taken a 50.03 percent share of the company, which has operations in over 80 cities, covering nine countries […] April 10, 2023 Exclusive Tech Osman Sultan on Mena’s move from ‘telco’ to ‘techco’ Osman Sultan proclaimed in 1997 he would put “a mobile in the hand of everyone” in Egypt. At the time, even some shareholders at Egyptian Company for Mobile Services (MobiNil), where he was CEO, were unsettled by his audacious statement. Egypt’s telecoms regulator granted him a licence to become the country’s first mobile operator, but […] April 7, 2023 Posts navigation
Telecoms UAE’s du quarterly profit hits three-year high Dubai-listed Emirates Integrated Telecommunications Company (EITC), the operator of du and Virgin Mobile brands in the UAE, said third-quarter net profit was the highest in three years thanks to solid topline growth and customer base expansion. Net profit rose 43 percent year on year to AED719 million ($196 million), as revenue rose 9 percent annually […] October 29, 2024
Analysis Telecoms UAE broadband users pay dearly for lack of competition Telcos may have generated nearly AED94 billion ($25 billion) in revenue for the UAE government, but a lack of competition and steep costs means that residents have been hit with the highest broadband bills in the Gulf. With an average price of $142.65 per month, people in the UAE are paying more than double than […] August 18, 2024
Telecoms UAE’s e& revenue surges to $8bn in strong year for Gulf telcos Abu Dhabi-listed telco e& reported revenues of AED28 billion ($7.7 billion), rising 6 percent year on year, as the Gulf telecoms industry showed strong performance. Net profit grew by 17 percent to AED5.5 billion, driven by growth in local and international markets. Net earnings for the second quarter rose to AED3.2 billion, from AED2.5 […] August 2, 2024
Media & Advertising Du quarterly profit jumps 46% as subscribers rise Emirates Integrated Telecommunications Company (EITC), which operates the Du and Virgin mobile brands in the UAE, reported a 46 percent jump year on year in net profit to AED581 million ($158 million) as subscriber numbers increased. Revenue grew 7 percent to AED3.6 billion in the April to June period, compared to AED3.3 billion a year […] July 23, 2024
Tech du profit grows 58% to $137m as subscriber base increases Emirates Integrated Telecommunications Company (EITC), the operator for the du and Virgin Mobile brands in the UAE, said net profit rose 57.7 percent year on year to AED504 million ($137.22 million) in the third quarter of 2023. The telco reported the highest quarterly level over the last three years, driven by the ongoing demand for […] October 31, 2023
Tech Du parent posts Q2 profit surge as customers hit 8m Emirates Integrated Telecommunications Company (EITC), which operates the Du and Virgin Mobile brands in the UAE, reported a 31 percent increase in net profit on Wednesday. The growth was on the back of strong demand for mobile and fixed broadband services. Profits totalled AED397 million ($108 million) in the second quarter. Revenue rose by nearly […] July 26, 2023
e& takes $400m majority stake in Careem The former Emirates Telecommunications Group Company, e&, has acquired a $400 million majority stake in Careem. The super-app, which is owned by Uber, offers multiple services such as ordering taxis, grocery shopping and mobile payments. e& has taken a 50.03 percent share of the company, which has operations in over 80 cities, covering nine countries […] April 10, 2023
Exclusive Tech Osman Sultan on Mena’s move from ‘telco’ to ‘techco’ Osman Sultan proclaimed in 1997 he would put “a mobile in the hand of everyone” in Egypt. At the time, even some shareholders at Egyptian Company for Mobile Services (MobiNil), where he was CEO, were unsettled by his audacious statement. Egypt’s telecoms regulator granted him a licence to become the country’s first mobile operator, but […] April 7, 2023