Bloomberg: The UAE "& e" Study the acquisition of "United Group" for communication

The Emirates Communications Group is considering a possible acquisition of European Eastern Telecom Company “United Group”, as part of its attempt to expand outside its local market, according to people familiar with the case. People, who asked not to disclose their identity for the privacy of information, said that the company “& e” based in Abu Dhabi is working to evaluate a possible purchase of ‘United Group’. Added that BC Partners, the company owner, could possibly get a rating of about $ 8 billion ($ 8.6 billion). ‘BC Partners’ works with consultants to explore the sale of ‘United Group’, and according to people, other people can show, adding that the acquisition business plans to start the official sale of next month. They emphasized that the deliberations are still at an early stage, and that the matter may end with the sale of the business of the business to multiple buyers. United Group operations at United Group operations in countries, including Serbia, Slovenia, Croatia, Bosnia, Herzegovina and Montenegro, according to the website. It also expanded to the European Union members such as Bulgaria and Greece. It should be noted that summit is still underway, and there is no certainty that it will lead to an agreement. A “BC Partners” representative refused to comment on the matter. On the other hand, a ‘& e’ spokesman said it was as a listed company because it holds the market to know any developments, and that it will not offer ‘at this stage’ to buy ‘United Group’. Last year, “& e” agreed to acquire a controlling interest in the assets of the “PPF Telecom Group” in Bulgaria, Hungary, Serbia and Slovakia. It also has a large share in the ‘Vodafone group’ listed in London. Emirati CEO Hatem Dowidar joined the Vodafone Council in February. BC Partners acquired United Group in 2019 from the private stock company, “KR & CO”. Last year, the Tawal Infrastructure Company of the Saudi telecommunications business agreed to buy a wallet of the Zodiac at United Group for 1.22 billion euros.