Emirates Telecommunications Group (EAND)

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News

22 December 02:25 PM e&’s subsidiary fully acquires UPC Slovakia from Liberty Global

Abu Dhabi – Mubasher: O2, the mobile operator in Slovakia and part of the e& PPF Telecom Group, signed a binding agreement with Liberty Global to take over UPC Broadband Slovakia (UPC Slovakia) for of EUR 95 million on a cash-free, debt-free …

Mergers and Acquisitions

30 October 09:48 AM e& delivers strong financial performance in Q3-25; consolidated profits exceed AED 2.9bn

Abu Dhabi – Mubasher: Emirates Telecommunications Group (e&) witnessed 39.70% higher net profits attributable to the owners at AED 11.81 billion in net profit after tax in the first nine months (9M) of 2025. The group recorded the net profits …

Financial Results

16 October 06:48 AM Contact, e& money forge partnership to boost Egypt’s financial ecosystem

Cairo - Mubasher: Contact Financial Holding partnered with e& money to improve the consumer finance experience through advanced digital solutions that integrate Contact’s financing solutions directly into “My e&” and “e& money” mobile apps. The …

Banking and Finance

21 August 06:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon

Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …

Companies Investments

3 August 08:52 AM e&’s profits to owners hit AED 8.8bn in H1-25; dividends announced

Abu Dhabi – Mubasher: The net profits attributable to the owners of Emirates Telecommunications Group (e&) jumped by 60.70% to AED 8.82 billion in the first half (H1) of 2025 from AED 5.49 billion in H1-24. Total consolidated revenues hiked by …

Cash Dividends

21 July 04:31 PM Qlub fuels global expansion plans via $30m funding co-led by e&

UAE – Mubasher: Qlub, the ultra-fast payment system in restaurants, has raised $30 million in a new funding round to fuel global expansion, according to a press release. The transaction was co-led by Shorooq Partners and Cherry Ventures, with …

Companies Investments

30 April 10:40 AM e& delivers 130% higher consolidated profits in Q1-25; revenues hit AED 16.8bn

Abu Dhabi – Mubasher: e& recorded 129.90% year-on-year (YoY) higher consolidated net profits at AED 5.55 billion in the first quarter (Q1) of 2025, compared to AED 2.45 billion. The consolidated revenues amounted to AED 16.86 billion as of 31 …

Financial Results

16 April 05:11 PM e&’s shareholders approve 2024 cash dividends

Abu Dhabi – Mubasher: The annual general meeting (AGM) of e& approved a cash dividend of AED 0.83 per share for 2024, according to a press release. The dividends amount supports the group's commitment to delivering consistent value through a …

General Assembly

2 April 05:37 PM e& subsidiary concludes acquisition of SBB in EUR 825m deal value

Abu Dhabi – Mubasher: e& PPF Telecom Group BV (e& PPF Telecom), a subsidiary of Emirates Telecommunications Group Company (e&), has completed the takeover of SBB d.o.o. Serbia, according to a bourse disclosure.  The transaction value is worth EUR …

Companies Investments

30 March 06:38 PM UAE’s Khazna welcomes new strategic minority investors; e& exits

Abu Dhabi – Mubasher: Khazna Data Centers has welcomed MGX and Silver Lake as new minority shareholders, alongside the majority shareholder G42. Meanwhile, as part of this transition, the listed telecom operator e& exited from its investment in …

Companies Investments

18 March 10:27 AM e&, RAIN Technology join forces to boost healthcare solutions in MEA

Abu Dhabi – Mubasher: e& enterprise, the digital transformation arm of e&, has entered into a strategic partnership with AI-powered healthcare solutions leader RAIN Technology, according to a press release. This partnership contributed to …

Companies Investments

16 February 12:15 PM e&’s profits leap in 2024 on heightened demand for digital services

Abu Dhabi – Mubasher: The consolidated net profits attributable to the owners e& increased by 4.30% year-on-year (YoY) to AED 10.75 billion in 2024 from AED 10.30 billion. The telecom group recorded a 10.10% growth in consolidated revenue …

Financial Results

4 December 2024 11:17 AM e& Egypt, pmaestro team up to foster digital transformation in MENA

Cairo – Mubasher: e& Egypt by ADX-listed e& inked a strategic partnership with pmaestro to reinforce digital transformation across Egypt and the MENA region, according to a press release. The partnership aims to support Digital Inclusion to ensure …

Global Economy

26 November 2024 01:49 PM e& enterprise, Cloudera to drive digital transformation across Middle East

Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, entered into a strategic partnership with Cloudera, the only true hybrid platform for data, analytics, and AI. The two entities aim to accelerate digital transformation by …

Global Economy

31 October 2024 03:34 PM e&’s revenues jump 7% in 9M-24; profits cross AED 8.2bn

Abu Dhabi – Mubasher: e& registered net profits valued at AED 8.21 billion in the first nine months (9M) of 2024, an annual decline from AED 8.36 billion. Revenues climbed by 7% year-on-year (YoY) to AED 42.72 billion in 9M-24 from AED 40.01 …

Financial Results

16 October 2024 02:13 PM e&, AWS forge over $1bn partnership agreement

Abu Dhabi – Mubasher: e& entered into a strategic partnership with Amazon Web Services (AWS) and signed a $1 billion-plus (AED 3.70 billion), according to a press release. The deal aims to accelerate the impact of cloud-driven innovation and …

Companies Investments

25 September 2024 01:32 PM e& obtains regulatory nod for stake acquisition of PPF Telecom Group

Abu Dhabi – Mubasher: e& received the European Commission’s (EC) approval to complete the acquisition of a controlling stake in PPF Telecom’s assets in Bulgaria, Hungary, Serbia, and Slovakia. The ADX-listed company planned to acquire a 50% …

Mergers and Acquisitions

1 August 2024 00:46 PM e&’s profits to shareholders hit AED 5.4bn in H1-24; dividends proposed

Abu Dhabi – Mubasher: The net profits attributable to the owners of e& amounted to AED 5.49 billion in the first half (H1) of 2024, an annual leap from AED 4.70 billion. The company posted revenues valued at AED 28.30 billion in H1-24, up …

Financial Results

25 July 2024 10:51 AM Moody's Ratings maintains e&'s Aa3 ratings; outlook stable

Abu Dhabi – Mubasher: Moody's Ratings has affirmed Emirates Telecommunications Group’s (e&) long-term issuer rating at ‘Aa3’, with a stable outlook. The rating agency also affirmed the company’s baseline credit assessment (bca), senior unsecured …

Ratings

4 July 2024 01:31 PM ADNOC, e& to develop largest private 5G wireless network

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has joined forces with e& for a strategic project to build the energy industry’s largest private 5G wireless network, according to a press release. The joint venture (JV) spans 11,000 …

Companies Investments

30 June 2024 02:11 PM e& anchors SMEs growth in UAE via new partnership

Abu Dhabi – Mubasher: The Abu Dhabi Chamber of Commerce and Industry sealed a deal with e&, aimed at boosting cooperation to back SMEs in Abu Dhabi, according to a press release. The partnership seeks to foster the growth of the business community …

Companies Investments

26 June 2024 01:05 PM e& Enterprise acquires Turkish cloud provider GlassHouse

Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, has acquired Turkey-based GlassHouse Technologies in a deal that underscores its ambitions to expand globally. The acquisition establishes Turkey as a new key market for …

Companies Investments

23 June 2024 03:38 PM e& teams with Microsoft to bolster AI tools for businesses

Abu Dhabi – Mubasher: e& plans to bring Copilot for Microsoft M365, the transformative AI tool, to small and medium-sized businesses (SMBs) and enterprises, according to a press release. Copilot is an AI-powered assistant that integrates with …

Companies Investments

13 June 2024 10:56 AM e& opens CX centre in Riyadh

Abu Dhabi – Mubasher: e& has launched a new contact and customer experience centre in Riyadh. The new facility is planned to create 1,500 jobs, according to a press release. The centre is outfitted with state-of-the-art communication technologies, …

Companies Investments

1 May 2024 02:00 PM e& sees higher net profits in Q1-24; revenues up 9%

Abu Dhabi – Mubasher: The net profits of e& jumped year-on-year (YoY) to AED 2.45 billion in the first quarter (Q1) of 2024 from AED 2.30 billion. The telecom group posted revenues valued at AED 14.21 billion in Q1-24, marking an annual increase …

Financial Results