Skip to content Skip to Search
Skip navigation

Etisalat in talks with Czech firm for potential tie-ups

e& has fully acquired Norway telecom-owned Telenor Pakistan, which serves 45m subscribers e&
e& has fully acquired Norway telecom-owned Telenor Pakistan, which serves 45m subscribers

Abu Dhabi-headquartered Etisalat, now branded as e&, is in talks with Czech investment firm PPF Group to explore opportunities in central and southeastern Europe.

“Etisalat and PPF Group are in early stage of discussions of forming a potential partnership to explore strategic collaboration opportunities in central and southeastern Europe, excluding Czech Republic, that are mutually beneficial to both groups,” the UAE telco said in a statement published on Abu Dhabi Securities Exchange on Monday.

The UAE telco is also reportedly in talks to buy a stake in PPF’s business in Bulgaria, Bulgarian news website reported on Friday, citing sources.

The two companies commenced negotiations some weeks ago and a possible deal is likely be announced at the end of summer, the report said.

The two companies are also said to be talks regarding a stake in Yettel, PPF’s telecommunication business in Serbia and Hungary.

AGBI last month reported that Etisalat made a paper loss estimated at $2.1 billion on its stake in Vodafone due to a slump in the UK’s Vodafone Group’s share price since mid-2022.

The company holds a 14.61 percent stake in Vodafone.    

Latest articles


Dubai launches one-stop hub to streamline government services

People in Dubai can now obtain an Emirates ID, register a company, open a bank account and more under one roof following the opening of the Emirates Government Services Hub (EGSH). Owned by Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, a member of the Dubai Royal family, EGSH allows clients to access all essential […]

In association with
Thailand's consul general Kitinai Nutakul visits the Saudi Ministry of Foreign Affairs in Jeddah

Thailand opens investment office in Saudi Arabia

Thailand’s Board of Investment (BOI) is opening its first Middle East office in Saudi Arabia, signaling a deepening of economic ties between the nations after a longstanding diplomatic spat. The office will focus on attracting Saudi investment into Thailand’s targeted industries and supporting Thai entrepreneurs looking to invest in the region, the BOI said in […]

hajj saudi arabia

Saudia reports big rise in international passengers

Saudi Arabia’s national carrier Saudia reported a 24 percent increase in international passengers to 9.1 million in the first half of 2024. There was also a 13 percent rise in the number of flights. The Hajj pilgrimage in June played a large part in the growth.  The number of passengers flying on domestic routes rose […]

renewables target dam

World is off track to meet Cop28 renewables goal

The world is far from reaching its 2030 renewables target, the International Renewable Energy Agency (Irena) said on Thursday. Countries committed at the Cop28 summit in Dubai last year to treble renewables capacity in order to limit global warming to 1.5C. To stay on course global capacity growth needs to accelerate to a minimum rate […]