e&, also known as etisalat and Emirates Telecommunications Group Company PJSC, is a Publicly Owned company headquartered in the UAE. Founded in 1976, with approximately 28,490 employees, it reported $19.8 billion in revenue as of 2025. The company specializes in technology, information, and internet services, functioning as an Emirati-based multinational telecommunications services provider.
e& announced on July 10, 2026, the termination of its Relationship Agreement with Vodafone Group PLC and the sale of its Vodafone investment for USD 5.95 billion, following a comprehensive strategic review of its international investment portfolio. This move represents one of the company's largest strategic portfolio realignments, with e& exiting its entire stake in Vodafone Group in an AED 21.8 billion deal to unlock fresh capital for growth. Concurrently, e&'s Board representative resigned as a non-executive director of the UK telecom operator. Earlier on the same day, Vodafone Group Plc noted e&'s agreement to dispose of its entire shareholding in Vodafone to Vega, an acquisition vehicle wholly owned by the Niel family group. On July 9, e& Group achieved recognition by the Chartered Institute of Procurement & Supply (CIPS) Procurement Excellence Programme, an independent evaluation against global benchmarks, which helped sharpen its procurement capabilities and reinforced its approach to governance and risk management. Previously, on July 8, the telecom operator reported a service interruption in the UAE affecting multiple accounts, including eLife accounts, alerting customers about the outage.
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