The investment represents a pivotal moment in e&’s international strategy to scale and add resilience to its operational profile
e& has secured “all regulatory approvals” and “closing of the deal remains subject to customary remaining closing terms”
Top GCC telcos are looking for new ways to expand their businesses and diversify revenue streams as they reinvent themselves as techcos
If the Saudi telecoms giant succeeds with a deal for United Group, it will further its expansion into Europe
The Abu Dhabi-listed firm said it “continually reviews relevant market opportunities with the objectives of maximising shareholder value”
The company’s UAE subscriber base grew 4.5 per cent annually to 14.5 million while aggregate subscribers rose by 5 per cent to 173 million
The group is set to reinvest in building networks of the future to accelerate technology adoption and increase fibre penetration and fast mobile network speeds
The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy
The group has a record subscriber base of 165 million users as of June 30, the highest in the company’s history
The ‘C’ wink and bold green remain central to the company’s new brand identity, with the notable logo only slightly tweaked
According to the group, the total annual dividend per share stands at Dhs0.8
The company plans to use the proceeds from the new investment to accelerate its ambitious vision to create the first ‘everything app’