The dialogue strengthens between E& and PPF Group, sparking talks of a strategic alliance. With E&’s evident ambition to penetrate the European markets, the narrative gets captivating. Though discussions are in infancy, market enthusiasts eagerly await major developments. Meanwhile, PPF Group, post-acquiring Telenor’s assets, strengthens its presence in Europe.
In a strategic move set to reshape telecommunications landscapes, UAE telecom consortium e& has inked a €2.15 billion deal to procure a significant slice of PPF Telecom Group’s European operations. This stakes in Bulgaria, Hungary, Serbia, and Slovakia come bundled with control over the local branches of telecom infrastructure divestment, Cetin. With an elaborate contingency payout plan incorporated, the deal also holds implications to the tune of €350 million over the next 3 years.
United Group’s series of acquisitions in Bulgarian telecommunications raises intrigue, drawing attention especially from vigilant industry veterans like A1 Group and PPF Group. The tacit consent of the Bulgarian Commission on Protection of Competition allowing Vivacom to absorb Networks-Bulgaria and six other telecom firms, potentially empowers Vivacom with unprecedented control over TV distribution and the ISP market.
The European Commission has launched a thorough investigation into UAE-based telecom company e&’s acquisition of PPF Group’s telecom operations in Eastern Europe. This move excludes PPF Telecom’s Czech business.
Allegations were made last week against Vivacom, a Bulgarian telecommunications company owned by United Group, by A1 Group and PPF Group. The Bulgarian Commission on Protection of Competition (CPC) had granted Vivacom permission to acquire Networks-Bulgaria and several other smaller Bulgarian telecoms, sparking concerns within the industry.
The European Commission has conditionally approved UAE’s ecommerce giant e& to acquire control of PPF Telecom Group, excluding Czech operations. This decision under the Foreign Subsidies Regulation ensures fair competition within the EU market.
