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 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## e& dismisses United Group acquisition 

 

 

   Details    Manny Pham    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     03 May 2024     15864 views   

 

  ![e& dismisses United Group acquisition ](https://developingtelecoms.com/images/stories/Company_Logos/800x600/United_Group_logo_600.jpg)  

 

UAE-based operator e& denied [a Bloomberg report claiming the company was in discussions to buy United Group.](https://developingtelecoms.com/telecom-business/operator-news/16636-e-in-the-running-to-acquire-united-group-as-early-as-june.html)

In a stock exchange disclosure, signed by e& group CFO Karim Bennis, e& said that despite dismissing the deal, “consistent with our corporate strategy, e& continually reviews relevant market opportunities with the objectives of maximizing shareholder value.”

United Group’s Eastern European footprint was reportedly earmarked for around €8 billion. The original report claimed a formal sale would have commenced next month and that it could have even been sold to multiple buyers.

United Group [sold its mobile tower infrastructure unit TowerCo](https://developingtelecoms.com/telecom-business/telecom-investment-mergers/15420-united-group-confirms-tower-sale-to-tawal.html) to a subsidiary of Saud Arabia-based STC Group in 2023. Like other operators globally, the Eastern European operator made the sale to raise cash for debts and capex intensive new technologies such as 5G.

 

 

   
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