Abu Dhabi’s leading telecom company, Emirates Telecommunications (e&), released a statement clarifying that, contrary to recent media speculation, it has not engaged in negotiations to acquire United Group, a major European cable and pay TV operator. Earlier reports from Bloomberg News suggested e& was contemplating the purchase of United Group for an estimated 8 billion euros. The statement from e& highlighted that, while the company routinely examines market opportunities to enhance shareholder value, it assures stakeholders that no such talks or agreements have taken place regarding United Group BV’s assets. This announcement helps dispel any uncertainty surrounding the company’s plans following the speculative report.

Telecommunications, Media & Entertainment,Abu Dhabi, UAE, Europe

https://www.zawya.com/en/markets/equities/uaes-e-says-not-in-talks-to-acquire-united-group-frwsufnx