e& reported a Dh5.5 billion revenue increase, reaching Dh59.2 billion for 2024, driven by strong growth in its telecom and digital sectors. The company also posted a 4.3% profit rise to Dh10.7 billion and confirmed an 825 million euro acquisition of a Serbian broadband and cable TV provider.
e& PPF Telecom has acquired SBB’s operations in Serbia for €825 million, focusing on cable TV and broadband services. The acquisition strengthens e&’s European expansion strategy, adding to its Yettel brand. Meanwhile, United Group retains its media assets and refocuses on EU markets for growth.
Power International Holding has acquired a 100% stake in Mobile Telecom-Service (MTS) from Kazakhtelecom, enhancing its position in Kazakhstan’s growing telecom sector. The acquisition includes prominent brands Altel and Tele2, reinforcing MTS’s role in providing 5G connectivity and digital services in the country.
