e& completed the acquisition of Bulgaria, Hungary, Serbia and Slovakia assets of PPF Group for €2.5bn.

e&, an Emirati-based multinational telecommunications services provider, completed the acquisition of Bulgaria, Hungary, Serbia and Slovakia assets of PPF Group, an international diversified investment group, for €2.5bn. "The completion of our transaction to partner with PPF Telecom is a momentous point in e&’s journey, extending our telecom footprint to 20 countries and the overall footprint of e& operations to 38 countries, across the Middle East, Asia and Africa, and now Central and Eastern Europe. PPF Telecom's regional expertise and e&'s global capabilities create a powerful platform for growth and innovation across these dynamic markets. We are all committed to providing enhanced value to our customers through cutting-edge digital services. I am delighted to welcome Balesh Sharma, CEO of PPF Telecom and his talented team to the e& family. Their deep understanding of the local markets will be invaluable as we move forward on this exciting new chapter,” Hatem Dowidar, e& CEO.