We created and built Emirates International Telecommunications LLC (EIT) with our vision of creating a dynamic and growing portfolio of telecommunication companies, delivering leading shareholder returns with holding periods of typically five to seven years. EIT’s strategy calls for building best-in-class investment capabilities together with strong telecom operational expertise, creating value for and synergies between companies it manages.

Since its founding in 2006, EIT has sought to identify, invest in and create value in the companies it manages, in the process helping them to transform themselves and achieve operational excellence. EIT delivers on its commitments to its shareholders through developing comprehensive value creation strategies and executing them by finding leading expert resources from around the globe. The success of EIT’s strategy has been validated by the outstanding financial and business results achieved by the companies it manages. EIT and its operating companies are deeply committed to the communities in which they operate and have deployed numerous corporate social responsibility initiatives to give back and contribute to their economic, social and cultural development.

EIT continues to grow and refine its strategy and operating model over time to take account of changes in the economic, political and legal landscape. Always acting from its core values -- meritocracy, leadership, teamwork and integrity -- EIT finds itself able to attract and retain leading global talent, who together, enable us to achieve our ambitious goals for the future and to overcome all challenges.

I am deeply grateful to each and every one of the highly committed people who are a part of EIT and its success, for their tireless efforts and to our devoted shareholders for their unequivocal support, as we continue the exciting project to grow our company in 2008 and beyond.

Deepak Padmanabhan
Chief Executive Officer