Second national operator to launch mobile service in mid-2006

12 Dec 2005

The Telecommunication Regulatory Authority (TRA) of the United Arab Emirates has provided more details of the launch of the country’s second national operator, due to begin service in mid-2006. The new venture, called the Emirates Integrated Telecommunications Company, will be a public joint-stock company with a capitalisation of USD1.1 billion. It will be 50% owned by the state through two government bodies, with the remainder distributed equally between the Abu Dhabi Mubadala Development Company (25%) and The Emirates Company for Telecommunications and Technology (25%). The TRA added that the owners could reduce their holdings to allow for an IPO of 20% of the company in 2006.

The Emirates Integrated Telecommunications Company is expected to introduce a commercial mobile service in competition with former monopoly Etisalat in mid-2006, before expanding its service provision into the fixed line and broadband markets.

United Arab Emirates, Etisalat UAE