e& completed the acquisition of a 9.8% stake in Vodafone for $4.4bn.

e&, formerly know as Etisalat is an Emirati-based multinational telecommunications services provider, completed the acquisition of a 9.8% stake in Vodafone, a British multinational telecommunications company, for $4.4bn. "Our investment represents a unique opportunity to acquire a significant stake in one of the leading and strongest global telecom brands, and a company that we know well. We are looking forward to building a mutually beneficial strategic partnership with Vodafone with the goal of driving value creation for both our businesses, exploring opportunities in the rapidly developing global telecoms market and supporting the adoption of next-generation technologies," Hatem Dowidar, e& CEO.