A subsidiary of UAE telecoms operator e&, formerly known as Etisalat, has signed a binding agreement to acquire 100 percent of UPC Broadband Slovakia. Mobile operatorA subsidiary of UAE telecoms operator e&, formerly known as Etisalat, has signed a binding agreement to acquire 100 percent of UPC Broadband Slovakia. Mobile operator

Unit of UAE’s e& to buy Slovakian broadband operator

2025/12/18 16:12
  • To buy all of UPC Broadband Slovakia
  • Acquisition priced at $112m
  • UPC Slovakia has 170,000 customers

A subsidiary of UAE telecoms operator e&, formerly known as Etisalat, has signed a binding agreement to acquire 100 percent of UPC Broadband Slovakia.

Mobile operator O2 Slovakia, part of e& PPF Telecom Group BV, will acquire the company from British-Dutch-US telecom operator Liberty Global for €95 million ($112 million), Abu Dhabi-listed e& said in a statement.

In October 2024 e& completed the acquisition of a controlling stake in PPF Group’s telecoms business across four European countries — Bulgaria, Hungary, Serbia and Slovakia.

UPC Slovakia is a fixed broadband operator serving 170,000 customers and generating around €47 million in annual revenue. Its network covers 647,000 homes across 80 cities.

These assets will provide O2 Slovakia with a nationwide fixed broadband footprint, the statement said.

The acquisition aligns with e&’s plan to expand its international business in central and eastern Europe, enhance revenue diversification in stable EU-linked markets, and strengthen e& PPF Telecom operations.

The deal is subject to closing conditions and will be financed through a mix of cash and debt at e& PPF Telecom level.

Further reading:

  • Good, but could be better: Telecoms giants rely on local lines
  • Gulf’s push for 6G networks comes too soon, telecoms experts say
  • Lack of subsea cable capacity hinders Middle East

Upon completion, UPC Slovakia’s financials will be consolidated into e& PPF Telecom’s financials. The overall impact on e&’s consolidated financials is expected to be immaterial, the statement said.

In February, e& PPF Telecom agreed to acquire 100 percent of SBB d.o.o. Serbia, a cable television and broadband internet service company, for €825 million.

E& owns a 14.6 percent stake in London-listed Vodafone.  

The UAE telco’s shares closed 1.2 percent lower at AED18.06 on Wednesday but are up 11 percent year-to-date.

Market Opportunity
UPCX Logo
UPCX Price(UPC)
$0.6506
$0.6506$0.6506
-3.15%
USD
UPCX (UPC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Sberbank explores crypto-backed loans as Russia softens stance on digital assets

Sberbank explores crypto-backed loans as Russia softens stance on digital assets

Russian financial services giant Sberbank may soon start offering loans secured by cryptocurrency, one of its top executives unveiled.         The news comes right
Share
Cryptopolitan2025/12/25 23:38
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41
Understanding the Construction Industry Scheme

Understanding the Construction Industry Scheme

The Construction Industry Scheme, commonly known as CIS, is a tax system used in the UK construction sector. It sets out how payments made by contractors to subcontractors
Share
Techbullion2025/12/25 23:53