Announced
Financials
Sources
Tags
Hungary
Serbia
Cross Border
Infrastructure
Bulgaria
Friendly
Private Equity
Private
Slovakia
telecommunications assets
Telecommunications Equipment
Acquisition
Majority
Pending
Single Bidder
Synopsis
e&, an Emirati-based multinational telecommunications services provider, agreed to acquire Bulgaria, Hungary, Serbia and Slovakia assets of PPF Group, an international diversified investment group, for €2.5bn. "As e& continues on its path to be a leading global technology group, our priority remains focused on expanding our customer base and providing them with more digital services, both for consumers and enterprises. This exciting partnership with PPF Group in Bulgaria, Hungary, Serbia, and Slovakia exemplifies our commitment to seeking new opportunities for collaboration and investment opportunities that will further accelerate our expansion," Hatem Dowidar, e& Group CEO.
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