Emirates Telecommunications Group Sells Vodafone Stake for $5.95 Billion

Emirates Telecommunications Completes Vodafone Stake Sale

In a significant move, Emirates Telecommunications Group Company PJSC, commonly known as "e", has announced the sale of its stake in Vodafone Group PLC for an impressive $5.95 billion. This decision came after a comprehensive strategic review of its international investment portfolio, illustrating e's commitment to optimizing its business strategy.

The Details of the Sale

The agreement involves the dissolution of the prior relationship contract between e and Vodafone. Accordingly, a board member from e has also stepped down from his non-executive role at Vodafone. This transaction is substantial, as it involves the sale of approximately 3.94 billion shares, which accounts for about 16.21% of Vodafone's total share capital and 17.13% of its voting rights.

The shares will be sold to Vega, an acquisition vehicle exclusively owned by the Niel family group, for a total price of 112.5 British pounds per share. This price includes an approximate cash payment of 110.5 British pounds per share plus Vodafone's final dividend for the fiscal year 2026, which stands at 2.02 British pounds per share. The dividend will be disbursed on July 30, 2026, further contributing to the total revenue from this sale.

Financial Outcome

Once the shares are transferred to financial institutions that will hold them until Vega fulfills the regulatory requirements, e is expected to generate a cash flow of around 21.8 billion AED (approximately $5.95 billion). After accounting for the final dividend for the fiscal year 2026, this operation is projected to yield a net cash flow of about 4.7 billion AED (around $1.3 billion).

About Emirates Telecommunications Group

e, listed on the Abu Dhabi Securities Exchange (EAND), is a prominent global telecommunications and technology group. Founded in 1976 in Abu Dhabi, the company has expanded its reach across 38 countries in the Middle East, Asia, Africa, and Europe over five decades. e focuses on advancing digital solutions that provide connectivity, drive economic growth, and enrich lives through digital services, fintech, and entertainment.

The group offers critical infrastructures such as sovereign cloud platforms, data centers, and AI-driven solutions aimed at solving intricate challenges for businesses and public sectors while fostering accelerated growth.

e's commitment to innovation and global partnerships continues to define its journey in enhancing its technological offerings, strengthening economies, and broadening perspectives on a worldwide scale. For more information, visit eand.com.

Conclusion

This sale marks a pivotal moment in Emirates Telecommunications Group's investment strategy, allowing it to streamline its portfolio and potentially reinvest in growth opportunities that align with its mission of shaping the future of connectivity and digital experiences. As e moves forward, it sets forth on a path aimed at leveraging its expertise and resources to drive sustainable advancements in the technology landscape.

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