Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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& 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%
