e& is exiting its joint venture, Khazna Data Centres, by selling its 40% stake to Group 42 for $2.2 billion. The move aligns with e&’s asset monetisation strategy to reduce debt and focus on core businesses. The transaction is expected to finalize by the end of Q1 2025.
e& has become the fastest-growing global brand, with its brand value soaring to $15.3 billion in the last year, according to Brand Finance. Nvidia ranks second with a brand value of $87.9 billion. The report also highlights the rise of Chinese brands like TikTok, Pinduoduo, and BYD.
e& has signed a Memorandum of Understanding (MOU) with China’s ZTE Corporation to foster innovation in telecommunications. This partnership focuses on developing energy-efficient solutions, designing 5G and 5G-Advanced technologies, and enhancing private network capabilities, all while supporting e&’s sustainability goals and commitment to net-zero emissions.
n May, Vodafone and e& announced that e&—60% owned by the UAE government—had increased its stake to 14.6%
