Multi-billion deal sees Emirati operator acquire telco assets in four CEE countries

2 min read Bulgaria, Czech Republic, Hungary, Serbia, Slovakia, czechia, e&, Telecommunications, UAE

Emirates Telecommunication Group Company (e&) will buy a 50% plus one share in PPF Group’s telecommunications assets in Bulgaria (mobile operator Yettel Bulgaria), Hungary (Yettel Hungary), Serbia (Yettel Serbia) and Slovakia (O2 Slovakia). The United Arab Emirates-based telco holding company, formerly Etisalat, will pay EUR 2.15bn upfront