{"id":89253,"date":"2024-02-21T00:00:00","date_gmt":"2024-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/"},"modified":"2024-02-21T00:00:00","modified_gmt":"2024-02-21T00:00:00","slug":"e-expands-to-bulgaria-with-telco-infrastructure-buys","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/","title":{"rendered":"e& expands to Bulgaria with telco + infrastructure buys"},"content":{"rendered":"

e& gets the all-clear for acquisition of stakes in two Bulgarian telcos:<\/strong> Mobile operator Etisalat by<\/a>e&<\/a> is set to snap up a majority stake in Bulgarian mobile operator Yettel Bulgaria<\/a> and telecoms infrastructure provider Cetin Bulgaria<\/a> from Czech investment firm PPF Group<\/a>. Bulgaria\u2019s Competition Protection Commission<\/a> greenlit the acquisition on Sunday, SeeNews<\/a> reports (more here<\/a> and here<\/a>, the latter in Bulgarian).<\/p>\n

Background:<\/strong> Etisalat by e& agreed in August 2023<\/a> to purchase a 50% plus one share in PPF Group\u2019s telecoms units in Bulgaria, Hungary, Serbia, and Slovakia for EUR 2.5 bn (AED 9.9 bn).<\/p>\n

Disclaimer: <\/strong>It\u2019s not clear whether the entire EUR 2.5 bn transaction is now set to go through, with no reports of approvals from regulators in Hungary, Serbia, and Slovakia. The acquisition was expected to close before 1Q 2024. <\/p>\n

The acquisitions will allow e& to expand its customer base<\/strong> and \u201cestablish a major telecommunications presence in Central and Eastern Europe,\u201d e& CEO Hatem Dowidar said in August<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Emirati firm acquired the telecoms companies under a EUR 2.5 bn transaction<\/p>\n","protected":false},"author":1,"featured_media":89254,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[84,7,919,60,438],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-e","tag-enterpriseam-uae","tag-etisalat","tag-ma-watch","tag-telecoms","wpautop","entry"],"acf":{"mongo_id":"a9ddbc35-cadf-4fe9-8368-509c67955a3b","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1978.jpg","photo_position":"above","homepage_title":"","full_issue_title":"e& gets greenlight from Bulgarian watchdog to snap up two telcos","related_issue":[89249],"teaser":"The Emirati firm acquired the telecoms companies under a EUR 2.5 bn transaction","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.f2555862-00c7-4dd7-a493-fec8904d5674.mp3"},"yoast_head":"\ne& expands to Bulgaria with telco + infrastructure buys - 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