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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE's e& explains what's behind its record consolidated net profitHatem Dowidar, e& group CEO, attributes the positive results partly to growth in its home market and its investment in Vodafone.
Persons: Hatem Dowidar Organizations: Vodafone
CEO of UAE's e& explains its deal with PPF Telecom
  + stars: | 2023-08-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of UAE's e& explains its deal with PPF TelecomHatem Dowidar, e& Group CEO, says "we needed to expand beyond the Middle East, Africa region."
Persons: Telecom Hatem Dowidar Organizations: UAE's, Telecom, Group Locations: East, Africa
Branding is displayed for Vodafone at one of its stores in London, Britain, June 14, 2023. REUTERS/Toby Melville/File PhotoDUBAI, Aug 2 (Reuters) - UAE's e& (EAND.AD) has submitted an offer to increase its stake in Vodafone (VOD.L) by 20%, e&'s CEO Hatem Dowidar told CNBC Arabia on Wednesday. The company formerly known as Etisalat, e& has been gradually building up its stake in the British telecoms company ever since it took a 9.8% stake for $4.4 billion in May 2022. The UAE operator's cooperation with Vodafone is awaiting regulatory approvals in countries where the British company operates, which "include an agreement to regulate relations between the two companies, and also the possibility of increasing our stake to 20%," Dowidar said. Reporting by Jana Choukeir, Writing by Clauda Tanios, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Hatem Dowidar, Dowidar, Jana Choukeir, Clauda Tanios, Louise Heavens Organizations: Vodafone, REUTERS, CNBC Arabia, Etisalat, SEC, British, Thomson Locations: London, Britain, DUBAI, British, UAE
Telco tycoons’ UK bets look stuck underwater
  + stars: | 2023-05-25 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +5 min
Set those complications aside, however, and his stake-building may have cost about 4.2 billion pounds overall since 2021. That’s according to Breakingviews calculations which use the share price from the day before each stake increase became public. The holding is now worth 3.6 billion pounds, implying a nearly 560 million pound or 13% loss. That’s mild compared with some of Vodafone’s investors. But UK consolidation would hardly move the needle as Vodafone is haggling to retain control of the merged entity.
E& CEO: Careem is absolutely the right fit for us
  + stars: | 2023-04-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailE& CEO: Careem is absolutely the right fit for usHatem Dowidar, E& CEO, says Careem is absolutely the right fit for the firm, as new details emerge about a $400 million plan to develop Careem’s “super app” across the Middle East.
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