e& has acquired a controlling stake in PPF Telecom's assets in Central and Eastern Europe for €2.15 billion, aiming to enhance its market presence and operational resilience.

Information on the Target

e&, a prominent telecommunications and digital services provider, operates across 38 countries, primarily within the Middle East, Asia, Africa, and Central and Eastern Europe. Since its establishment in 1976, e& has aimed to empower individuals by fostering connectivity and embracing innovation. With a growing aggregate subscriber base of 189.3 million, representing an 11.7% year-over-year increase, e& has solidified its position as a leader in the telecom industry.

The company’s recent financial highlights, including a revenue growth of 10.1%, reaching AED 59.2 billion, underscore its robust performance across all sectors. An essential strategic move was the acquisition of a controlling stake in PPF Telecom’s assets across Bulgaria, Hungary, Serbia, and Slovakia for €2.15 billion. This investment is expected to enhance e&'s operational resilience and expand its telecom footprint into Central and Eastern European markets.

Industry Overview in the Target’s Specific Country

The telecommunications industry in Central and Eastern Europe has been rapidly evolving, with significant investments in infrastructure aimed at improving connectivity and expanding service offerings. Factors such as the growing digital economy and increa