![Emirates Telecom buys 9.8% stake in Vodafone for $4.4 billion](https://www.gkseries.com/blog/wp-content/uploads/2022/05/download-2022-05-19T111152.144.jpg)
Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group) has acquired approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion. The shares represent 9.8% of Vodafone’s issued share capital.
The transaction is in process with e&’s ambition to be a global player in telecom and technology. Vodafone Headquarters: Berkshire, United Kingdom; Chairman: Jean-Françols van Boxmeer.