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UAE buys controlling stake in Europe’s PPF Telecom Group
August 2nd, 2023 - 12:06 GMT

UAE buys controlling stake in Europe’s PPF Telecom Group

ALBAWABA – United Arab Emirates (UAE) capital Abu Dhabi’s Emirates Telecommunications Group Co. agreed to buy a controlling stake in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia for EUR2.15 billion, Bloomberg reported Tuesday. This is part of the UAE and Abu Dhabi Emirate’s plan to boost global presence, the news agency underscored. Emirates Telecom signed a binding agreement for a controlling stake in PPF’s service and infrastructure ...
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