In the Gulf region , the UAE ’ s e & continued to set the pace with an array of impactful moves , including raising its stake in Vodafone Group to 14.6 %, to become the UK telco group ’ s largest single shareholder . e & has an expressed desire to raise that stake even higher to 20 %.
Saudi counterpart STC , similarly remained steadfast in its plans to effectively raise its position in Telefonica to 9.9 %, having amassed a stake worth US $ 2.23 billion , consisting of 4.9 % of Telefonica ' s shares and financial instruments that give it another 5 % in so-called economic exposure to the company .
Zain Group has become a leading advocate of the tower-sharing proposition , having increased its ownership in UAE-based TASC Towers from 83.47 % to 92.87 % before announcing the mega agreement with Qatar ’ s Ooredoo , to create the largest tower company regionally , with a combined enterprise value estimated at U $ 2.2 billion , and constituting over 30,000 towers across six markets .
In the Gulf region , the UAE ’ s e & continued to set the pace with an array of impactful moves , including raising its stake in Vodafone Group to 14.6 %, to become the UK telco group ’ s largest single shareholder . e & has an expressed desire to raise that stake even higher to 20 %.
Saudi counterpart STC , similarly remained steadfast in its plans to effectively raise its position in Telefonica to 9.9 %, having amassed a stake worth US $ 2.23 billion , consisting of 4.9 % of Telefonica ' s shares and financial instruments that give it another 5 % in so-called economic exposure to the company .
Zain Group has become a leading advocate of the tower-sharing proposition , having increased its ownership in UAE-based TASC Towers from 83.47 % to 92.87 % before announcing the mega agreement with Qatar ’ s Ooredoo , to create the largest tower company regionally , with a combined enterprise value estimated at U $ 2.2 billion , and constituting over 30,000 towers across six markets .