Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
e& reports 12.9% subscriber growth and strong Q1 revenue and EBITDA gains. Launches AI governance framework with IBM and strengthens global connectivity, driving digital innovation and brand value over $20 billion.
e& and Dubai Healthcare City Authority join forces to deliver advanced digital health and connectivity solutions, supporting operational efficiency and enhanced patient care within Dubai Healthcare City.
UAE’s e& now holds a 16% effective stake in Vodafone following the telecom giant’s share buyback program, which reduced Vodafone’s share capital without e& acquiring additional shares. The move aligns with Vodafone’s strategy to optimize its capital structure and boost shareholder returns.
e& has seen a 12.9% increase in its total subscriber base, reaching 194.8 million, and posted a strong Q1-2025 performance with revenues up by 18.7% and a net profit surge of 129.9%. The company also divested a 40% stake in Khazna Data Centers for Dh8 billion and entered a strategic partnership in Morocco.
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%