The UAE's biggest telecoms operator, e &, is considering acquiring a stake in Ethiopia's Ethio Telecom, which would potentially boost its international portfolio. “Should there be any developments on this subject, we will keep the market updated in due course,” e & said. Earlier this month, e & said it was in talks with Czech investment company PPF Group regarding a possible partnership as part of its push into Europe. The company is expanding its presence and has been on an acquisition spree in recent months. Shares of e & settled about 0.5 per cent lower on Tuesday on the ADX, which ended the trading day flat.

Source: Ethiopian News July 11, 2023 15:20 UTC