«إي آند» تستكمل الاستحواذ على حصة مسيطرة في مجموعة «PPF تيليكوم»

E& Completes Majority Stake Acquisition in PPF Telecom Group

A Strategic Partnership for Growth and Innovation in Central and Eastern Europe

E& and PPF Group have announced the successful completion of their historic partnership, with E& acquiring a controlling stake (50% + one economic share) in the service and infrastructure companies of PPF Telecom Group in Bulgaria, Hungary, Serbia, and Slovakia. This acquisition marks a significant milestone in E&'s ongoing global expansion efforts, diversifying and expanding its geographical presence to 38 countries.

The transaction is expected to transform the telecommunications landscape in Central and Eastern Europe, delivering added value to over 10 million customers across the four markets. This partnership will provide access to the latest technologies, diverse product offerings, and innovative digital services, accelerating digital growth and empowering businesses and communities alike.

The completion of the deal is a pivotal step for both groups. Leveraging E&'s extensive global reach, long-standing expertise in the telecommunications sector, and digital capabilities, coupled with PPF Telecom's deep market knowledge and proven track record of growth and operational excellence within these markets, this partnership will accelerate future growth and unlock new avenues for advanced digital services, Internet of Things solutions, and innovative, cutting-edge offerings in the business sector.

Key Highlights of the Partnership:

• Expanded Geographical Reach: E&'s presence extends to 38 countries across the Middle East, Asia, Africa, and now Central and Eastern Europe.
• Enhanced Customer Value: The partnership will deliver advanced digital services and innovative solutions to over 10 million customers across the four markets.
• Synergistic Growth: The combined strengths of both groups will accelerate growth and unlock new opportunities in the region.
• Digital Transformation: The partnership will drive digital transformation in Central and Eastern Europe by leveraging E&'s global expertise and PPF Telecom's local knowledge.
• Focus on Innovation: Both groups are committed to developing innovative and advanced services, including Internet of Things solutions.

Quotes from Key Executives:

"The completion of the partnership deal with PPF Telecom marks a significant milestone in E&'s journey, allowing us to expand our telecommunications services to 20 new countries, bringing our total presence to 38 countries in the Middle East, Asia, Africa, and now Central and Eastern Europe. PPF Telecom's regional expertise combined with E&'s global capabilities provide a strong platform for growth and innovation in these dynamic markets. We reaffirm our joint commitment to delivering added value to our customers through advanced digital services." - Hatem Dowidar, CEO of E& Group

"We are excited to welcome the PPF Telecom team to the E& family. This partnership presents tremendous opportunities for exchanging ideas, learning best practices, and innovative solutions, strengthening our ability to deliver reliable telecommunications services and cutting-edge digital technologies to millions of new customers, thereby boosting economic growth and digital inclusion in the region." - Khalifa Al Shamsi, CEO of E& International

"We look forward to working with Balázs Sharma and the PPF Telecom team to leverage our combined strengths, achieve greater operational efficiency, and accelerate efforts to deploy advanced networks and digital services. Both groups enjoy a strong position that enhances opportunities for digital progress and exploration of new growth horizons across our global network." - Khalifa Al Shamsi, CEO of E& International