Reuters
UAE’s e& looks to expand in telecoms and other areas, including via M&A
E&, the UAE telecoms group formerly called Etisalat, is looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such as financial technology as its seeks to drive growth, its CEO told Reuters. The company is exploring a range of possibilities, including potential joint ventures, acquisitions and listings of subsidiaries, though it would want to retain control of all its units, Group CEO Hatem Dowidar said in an interview. “In the telco space, we are looking at geographic expansion,” he said, exploring markets in Africa, Europe and Asia with room for growth, political stability and strong regulations.