e& completed the acquisition of a 51% stake in PPF Telecom.

e&, a technology group committed to advancing the digital future, completed the acquisition of a 51% stake in PPF Telecom, a telecommunications services provider. Financial terms were not disclosed. "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.