e& Sells Vodafone Stake for $5.95 Billion

Jul 10, 2026

59 min

Jul 10, 2026 06:32

e& sells entire Vodafone stake for $5.95 billion

## UAE Telecom Giant e& Exits Vodafone

UAE-based telecommunications company e& has sold its entire stake in Vodafone Group for $5.95 billion. This move concludes one of e&'s significant international investments following a strategic review of its global holdings.

## Details of the Transaction

The Abu Dhabi-listed firm reached a binding agreement with Vega, an acquisition entity owned by the Niel family, to sell approximately 3.95 billion shares in Vodafone. These shares account for about 16.21% of Vodafone's issued share capital and 17.13% of its voting rights. The shares were valued at 112.5 pence each, including a cash component and a final dividend from Vodafone.

## Financial Impact

The sale is expected to generate cash proceeds of around Dh21.8 billion, equivalent to $5.95 billion. e& anticipates a net cash return of approximately Dh4.7 billion, or $1.3 billion, from this transaction. Initially, the shares will be transferred to three financial institutions before Vega completes regulatory procedures.

## Changes in Board Representation

Following the sale, e& has ended its relationship agreement with Vodafone, and its representative has resigned from Vodafone's board as a non-executive director. This marks e&'s complete exit from its investment in the British telecom company.

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