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)
$0.4816
$0.4816$0.4816
+1.17%
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

Top 4 Tokens Turning IP Rights Into Investable Assets

Top 4 Tokens Turning IP Rights Into Investable Assets

IP tokenization opens royalties to investors as BeatSwap, Audius, Story Protocol, and Opulous turn music and media rights into on-chain, income-backed assets.
Share
Blockchainreporter2026/01/21 17:45
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms

‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms

The post ‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms appeared on BitcoinEthereumNews.com. The Nigerian SEC
Share
BitcoinEthereumNews2026/01/21 17:34