E& enterprise forms a joint venture with Bespin Global

E& enterprise forms a joint venture with Bespin Global

- e& enterprise to be the majority shareholder in a joint venture to build the largest pure play cloud managed and professional services provider in the METAP region

- e& to make a minority investment in Bespin Global’s holding company to participate in the success story of a leading global cloud managed service provider

Dubai, UAE: e& enterprise, part of e& (formerly known as Etisalat Group), today announced the signing of a binding agreement to form a joint venture with Bespin Global, a leading public cloud managed services provider. The joint venture will be branded “Bespin Global MEA, an e& enterprise company”, focusing on offering public cloud managed and professional services to serve the customers in the Middle East, Turkey, Africa and Pakistan (METAP).

The JV will be 65% owned by e& enterprise and 35% by Bespin Global. Both e& enterprise and Bespin Global will contribute their existing public cloud businesses and related professional and managed services from the region to the JV. e& enterprise will be making a primary investment of $60 million in Bespin Global and join its Board of Directors. In addition, e& enterprise has the option to invest another $60 million within a period of 18 months from completion