UAE’s e& raises stake in UK telecom giant Vodafone to 12%

UAE’s e& raises stake in UK telecom giant Vodafone to 12%

It was in May 2022 that e& made its initial splash with Vodafone, spending $4 billion plus for a 9.8 per cent stake. It was then increased to 11 per cent in December. After its corporate and branding switch to e& from Etisalat Group, the Abu Dhabi headquartered company has been keenly expanding its global reach, either through its own network investments or through strategic stake buys.