Eitl

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Emirates International Telecommunications LLC (EIT) was founded in 2006. It is the primary investment vehicle in telecommunications for Dubai Holding. A joint venture between TECOM Investments and Dubai Investment Group, EIT was given the mandate to grow shareholder value by investing internationally across the telecom value chain. Both having successful portfolios of investments in the telecom sector TECOM Investments and Dubai Investment Group decided to join forces through creating EIT to boost and develop existing businesses, as well as to explore new opportunities through a specialized management entity. To enable EIT to achieve its ambitious objectives, the shareholders chose a top-notch and dynamic executive leadership team to drive the mission of EIT forward. 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 Executive Chairman of TECOM Investments. Soud Ba’alawy, one of the world’s leading experts in mergers and acquisitions, investment and finance, serves as Vice Chairman. Finally, 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, joined EIT as its Chief Executive Officer. EIT takes ownership stakes in companies allowing it to actively manage and grow shareholder value in its diverse investments, which include integrated telecom operators, Internet service providers, media and backbone companies. EIT’s business model is based on two strategic pillars: active management and realization of value chain synergies.

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