e&
Coverage of e& in the Nexus archive.
- PIF’s TAWAL in talks over multibillion-dollar telco towers deal
TAWAL, a telecom tower company controlled by Saudi Arabia’s sovereign wealth fund, is in talks to acquire over 10,000 sites from Mobily, a mobile operator partly owned by UAE’s e&. The deal could position TAWAL as the region’s largest telecom tower owner and precede an IPO in 2027 or 2028.
- French billionaire becomes Vodafone’s largest shareholder with £4.4bn stake
Xavier Niel, a French telecoms billionaire, became Vodafone’s largest shareholder by purchasing a 16% stake for £4.4bn. The Emirati telecoms group e& sold its entire shareholding in Vodafone for 112.5p a share.
- Ufone, Telenor seek rebranding of merged telecom company, file application with PTA
Ufone and Telenor Pakistan have applied to rebrand their merged telecom company, now legally Pak Telecom Mobile Limited (PTML), with the proposed name 'e&' linked to UAE-based Etisalat. The Pakistan Telecommunication Authority (PTA) requires a notification from the Securities and Exchange Commission of Pakistan (SECP) regarding director changes before approving the new brand.
- UAE telecom giant e& gives up plan to build a 'super app'
UAE telecoms giant e& has sold 12.5% of Careem Technologies back to Uber for $100 million, reducing its stake to 37.5% as it abandons its 'super app' ambitions. The decision follows challenges in executing the super app vision in the UAE, with TAMM consolidating public services and AI agents threatening the concept's viability. e& retains a put option to fully exit by late 2031.