EU to probe UAE-based e&'s acquisition of Czech PPF Group's telecoms assets, FT reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 08 2024
0mins
Source: reuters
- European Commission to Probe Emirates Telecommunications' Acquisition: The European Commission will launch an in-depth investigation into Emirates Telecommunications' proposed acquisition of Czech PPF group's telecoms assets in several Eastern European countries.
- Investigation Timing and Concerns: The formal probe announcement is expected soon, with concerns about potential unfair subsidies received by the state-controlled e& to complete the 2.2 billion euros deal.
- Focus on State Funding and Unfair Competition: The commission is looking into whether state funds provided to e& could lead to unfair competition advantages over EU rivals in the telecommunications sector.
- Lack of Immediate Responses: Both e& and the European Union have not yet responded to requests for comments regarding the upcoming investigation.
- Financial Details: The deal involves e& acquiring a controlling stake in Czech PPF Group's telecoms assets in Bulgaria, Hungary, Serbia, and Slovakia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
