# e& Announces USD 5.95 Billion Sale of Vodafone Investment

- Link: https://www.thailand-business-news.com/pr-news/e-announces-usd-5-95-billion-sale-of-vodafone-investment
- Published: 2026-07-10T19:14:00+07:00
- Author: PR Newswire

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ABU DHABI, UAE, July 10, 2026 /PRNewswire/ — Following a comprehensive strategic
review of its international investment portfolio, Emirates Telecommunications Group
Company PJSC ("e&") announced the termination of its Relationship Agreement with
Vodafone Group PLC ("Vodafone"). In connection with this, e&’s Board representative
has stepped down from his position as a non-executive Director of Vodafone.

 [⌊e&⌉](https://mma.prnasia.com/media2/3005468/e.jpg?p=medium600) 
 e&

Following the termination of the Relationship Agreement, e& has signed a binding
agreement with Vega, an acquisition vehicle wholly owned by the Niel family group,
to divest its entire holding of 3,944,743,685 ordinary shares in Vodafone, representing
approximately 16.21% of Vodafone’s issued share capital and 17.13% of its total 
voting rights, for a total consideration of 112.5 GBp per share. This comprises 
approximately 110.5 GBp per share in cash from the buyer and Vodafone’s final FY26
dividend (of 2.02 GBp per share, to be received on 30 July 2026).

The shares will be sold simultaneously through off-market block trades to three 
financial institutions, who will hold the shares until Vega completes regulatory
requirements.

Upon completion of the transfer of the Shares to the financial institutions, the
transaction will generate cash proceeds to e& of approximately AED 21.8 billion (
USD 5.95 billion), inclusive of final FY26 dividend. The transaction is expected
to deliver a net cash return of approximately AED 4.7 billion (USD 1.3 billion).

**About e&**

e& (ADX: EAND) is a global technology group committed to advancing the digital future
across 38 countries in the Middle East, Asia, Africa, and Europe. Founded in Abu
Dhabi in 1976, e& leverages its five decades legacy in advanced connectivity to 
deliver powerful digital solutions that unlock value and drive progress.

For enterprises and governments, e& provides mission-critical infrastructure, including
sovereign cloud platforms, data centres, and AI-powered solutions to solve complex
challenges and accelerate growth. For millions of customers, the Group brings world-
leading connectivity together with digital services across entertainment, fintech,
and superapp experiences that enrich daily life.

Driven by innovation and strengthened by global partnerships, e& delivers secure,
high-performance technology that strengthens economies and expands opportunity globally.

To learn more about e&, visit [eand.com](https://www.eand.com/en/index.html)

**Contact:**
Nancy Sudheer,+971 50 705 529

 

 

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