Emirates Telecommunications Group (EAND)

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News

16 April 2025 05:11 PM e&’s shareholders approve 2024 cash dividends

Abu Dhabi – Mubasher: The annual general meeting (AGM) of e& approved a cash dividend of AED 0.83 per share for 2024, according to a press release. The dividends amount supports the group's commitment to delivering consistent value through a …

General Assembly

2 April 2025 05:37 PM e& subsidiary concludes acquisition of SBB in EUR 825m deal value

Abu Dhabi – Mubasher: e& PPF Telecom Group BV (e& PPF Telecom), a subsidiary of Emirates Telecommunications Group Company (e&), has completed the takeover of SBB d.o.o. Serbia, according to a bourse disclosure.  The transaction value is worth EUR …

Companies Investments

30 March 2025 06:38 PM UAE’s Khazna welcomes new strategic minority investors; e& exits

Abu Dhabi – Mubasher: Khazna Data Centers has welcomed MGX and Silver Lake as new minority shareholders, alongside the majority shareholder G42. Meanwhile, as part of this transition, the listed telecom operator e& exited from its investment in …

Companies Investments

18 March 2025 10:27 AM e&, RAIN Technology join forces to boost healthcare solutions in MEA

Abu Dhabi – Mubasher: e& enterprise, the digital transformation arm of e&, has entered into a strategic partnership with AI-powered healthcare solutions leader RAIN Technology, according to a press release. This partnership contributed to …

Global Economy

16 February 2025 00:15 PM e&’s profits leap in 2024 on heightened demand for digital services

Abu Dhabi – Mubasher: The consolidated net profits attributable to the owners e& increased by 4.30% year-on-year (YoY) to AED 10.75 billion in 2024 from AED 10.30 billion. The telecom group recorded a 10.10% growth in consolidated revenue …

Financial Results

4 December 2024 11:17 AM e& Egypt, pmaestro team up to foster digital transformation in MENA

Cairo – Mubasher: e& Egypt by ADX-listed e& inked a strategic partnership with pmaestro to reinforce digital transformation across Egypt and the MENA region, according to a press release. The partnership aims to support Digital Inclusion to ensure …

Global Economy

26 November 2024 01:49 PM e& enterprise, Cloudera to drive digital transformation across Middle East

Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, entered into a strategic partnership with Cloudera, the only true hybrid platform for data, analytics, and AI. The two entities aim to accelerate digital transformation by …

Companies Investments

31 October 2024 03:34 PM e&’s revenues jump 7% in 9M-24; profits cross AED 8.2bn

Abu Dhabi – Mubasher: e& registered net profits valued at AED 8.21 billion in the first nine months (9M) of 2024, an annual decline from AED 8.36 billion. Revenues climbed by 7% year-on-year (YoY) to AED 42.72 billion in 9M-24 from AED 40.01 …

Financial Results

16 October 2024 02:13 PM e&, AWS forge over $1bn partnership agreement

Abu Dhabi – Mubasher: e& entered into a strategic partnership with Amazon Web Services (AWS) and signed a $1 billion-plus (AED 3.70 billion), according to a press release. The deal aims to accelerate the impact of cloud-driven innovation and …

Companies Investments

25 September 2024 01:32 PM e& obtains regulatory nod for stake acquisition of PPF Telecom Group

Abu Dhabi – Mubasher: e& received the European Commission’s (EC) approval to complete the acquisition of a controlling stake in PPF Telecom’s assets in Bulgaria, Hungary, Serbia, and Slovakia. The ADX-listed company planned to acquire a 50% …

Companies Investments

1 August 2024 00:46 PM e&’s profits to shareholders hit AED 5.4bn in H1-24; dividends proposed

Abu Dhabi – Mubasher: The net profits attributable to the owners of e& amounted to AED 5.49 billion in the first half (H1) of 2024, an annual leap from AED 4.70 billion. The company posted revenues valued at AED 28.30 billion in H1-24, up …

Financial Results

25 July 2024 10:51 AM Moody's Ratings maintains e&'s Aa3 ratings; outlook stable

Abu Dhabi – Mubasher: Moody's Ratings has affirmed Emirates Telecommunications Group’s (e&) long-term issuer rating at ‘Aa3’, with a stable outlook. The rating agency also affirmed the company’s baseline credit assessment (bca), senior unsecured …

Ratings

4 July 2024 01:31 PM ADNOC, e& to develop largest private 5G wireless network

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has joined forces with e& for a strategic project to build the energy industry’s largest private 5G wireless network, according to a press release. The joint venture (JV) spans 11,000 …

Companies Investments

30 June 2024 02:11 PM e& anchors SMEs growth in UAE via new partnership

Abu Dhabi – Mubasher: The Abu Dhabi Chamber of Commerce and Industry sealed a deal with e&, aimed at boosting cooperation to back SMEs in Abu Dhabi, according to a press release. The partnership seeks to foster the growth of the business community …

Companies Investments

26 June 2024 01:05 PM e& Enterprise acquires Turkish cloud provider GlassHouse

Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, has acquired Turkey-based GlassHouse Technologies in a deal that underscores its ambitions to expand globally. The acquisition establishes Turkey as a new key market for …

Mergers and Acquisitions

23 June 2024 03:38 PM e& teams with Microsoft to bolster AI tools for businesses

Abu Dhabi – Mubasher: e& plans to bring Copilot for Microsoft M365, the transformative AI tool, to small and medium-sized businesses (SMBs) and enterprises, according to a press release. Copilot is an AI-powered assistant that integrates with …

Companies Investments

13 June 2024 10:56 AM e& opens CX centre in Riyadh

Abu Dhabi – Mubasher: e& has launched a new contact and customer experience centre in Riyadh. The new facility is planned to create 1,500 jobs, according to a press release. The centre is outfitted with state-of-the-art communication technologies, …

Companies Investments

1 May 2024 02:00 PM e& sees higher net profits in Q1-24; revenues up 9%

Abu Dhabi – Mubasher: The net profits of e& jumped year-on-year (YoY) to AED 2.45 billion in the first quarter (Q1) of 2024 from AED 2.30 billion. The telecom group posted revenues valued at AED 14.21 billion in Q1-24, marking an annual increase …

Financial Results

24 April 2024 04:27 PM e&’s shareholders greenlight 3-year progressive dividend policy

Abu Dhabi – Mubasher: The annual general meeting (AGM) of e& approved a new progressive dividend policy with an annual incremental increase of AED 0.03 for the years 2024, 2025, and 2026. The raise will bring the dividend per share (DPS) to AED …

Cash Dividends

18 March 2024 02:01 PM Ooredoo, e& team up to evolve submarine network in Middle East

Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …

Global Economy

3 March 2024 10:22 AM e& bolsters connectivity in 16 countries via $6bn investments

Abu Dhabi – Mubasher: e& announced plans to invest $6 billion between 2024-2026 in technological advancement, infrastructure development, and innovative digital solutions to boost connectivity. The listed group made this commitment to the …

Companies Investments

26 February 2024 04:53 PM e&, Ericsoon complete successful 5G data call test in UAE

Abu Dhabi – Mubasher: Emirati telecommunication giant e& and Sweden’s Ericsson announced completing a successful 5G data call test using Ericsson’s Cloud Radio Access Network (RAN) setup in a lab setting in the UAE. The results of the trial showed …

Companies Investments

21 February 2024 02:04 PM e& unveils AED 3.4bn cash dividends for H2-23

Abu Dhabi – Mubasher: The board members of e& proposed the distribution of AED 3.47 billion as final dividends for the second half (H2) of 2023, according to a bourse filing. The telecom group will disburse 40 fils per share, bringing the full …

Board of Directors

14 February 2024 10:22 AM e&’s profits up to AED 10.3bn in 2023

Abu Dhabi – Mubasher: e& logged consolidated net profits attributable to the owners valued at AED 10.30 billion in 2023, marking an annual increase of 3% (AED 300 million) from AED 10 billion. Revenues grew by 2.50% (AED 1.32 billion) to AED 53.75 …

Financial Results

30 January 2024 04:41 PM e& enterprise, Burjeel Holdings to foster telemedicine services

Mubasher: Burjeel Holdings collaborated with e& enterprise, a subsidiary of the listed e&, to boost the healthcare sector in the UAE and beyond. The two parties inked a strategic memorandum of understanding (MoU) and agreed to join forces for a …

Companies Investments