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Etisalat was founded in 1976 as a joint-stock company between International Aeradio Limited, a British Company, and local partners. In 1983, the ownership structure changed – United Arab Emirates government held a 60% share in the company and the remaining 40% were publicly traded.
Emirates Telecommunications Group Company PJSC, doing business as etisalat and, ... Etisalat is a major investor in Thuraya (34.5%), [27] ...
Telephone company; List of telecommunications companies. List of telecommunications companies in the Americas; List of telecommunications companies in Asia and Oceania
e& Egypt is the third mobile operator to enter the Egyptian market and the first integrated operator for telecom services in Egypt. It officially started its business in 2007 and attracted one million subscribers in the first fifty days of the launch of its operations. e& was the first company to provide 3.5G and 4G services while not needing its customers to change their SIM cards, in ...
Etisalat, an Abu Dhabi company was able to get the shares with a large margin in the bid. [12] In June 2005, Etisalat won the 26% of PTCL shares along with management control of the then telecom monopoly for US$2.6 billion. As of 2019, Etisalat has held back $800m amount over a property-transfer dispute with the Pakistani government. [13]
Three of the group’s brands, Etisalat, Maroc Telecom and Mobily, are among the top 150 most valuable telecom brands in the world. [4] Appointed as chairman in 2005, Al Shamsi retired from Etisalat in 2012. [5] [6] Etisalat was named the most powerful company in the United Arab Emirates by Forbes Middle East at the time. [7]
Hutch announced that they acquired Etisalat on 30 November 2018. [ 5 ] Hutchison Telecom Lanka is a member of Hutchison Asia Telecom which comprises mobile telecommunications operations in the emerging markets of Indonesia, Vietnam, and Sri Lanka.
EITC's subsidiaries is 50.12% owned by Emirates Investment Authority (EIA), 10.06%% by Mamoura Diversified Global Holding formerly Mubadala Development Company, 19.7% by Emirates Communications & Technology Company LLC (ECT) and 20.12% by public shareholders. It is listed on the Dubai Financial Market (DFM) and trades under the name du.