UAE tech-telecom big e& in ‘potential partnership’ cope with PPF Group for one more huge European push

Underneath its new avatar, e& (previously Etisalat Group) is casting a wider web of funding and progress potentialities. A presence in Europe does symbolize these alternatives, particularly when achieved in tandem with robust companions.

In its cope with Vodafone, the UAE firm had clearly specified the geographies that might be of curiosity. e& by the way is the largest shareholder in Vodafone, having incrementally added to its stake since Could 2022. In keeping with analysts, there are enlargement/consolidation alternatives coming into play throughout Europe.

Exterior of its residence market, the PPF Group has operations in 25 international locations throughout Europe, North America, Asia, and Africa. Core strains of enterprise are in monetary companies, telecom, media and ecommerce.

e& – which has been on an funding spree in current months chopping throughout classes – is anticipated to announce one other robust set of financials for first-half 2023 within the coming weeks.