---
title: E& quits Khazna data centre JV, sells stake to G42 for US$2.2b - Developing Telecoms
description: UAE-based telco e& (Etisalat) announced on Wednesday that it is exiting Khazna Data Center Holdings – its joint venture with AI and cloud firm Group 42 – and will sell its 40% stake to G42 for US$2.2 billion.
canonical_url: https://developingtelecoms.com/telecom-technology/data-centres-networks/18046-e-quits-khazna-data-centre-jv-sells-stake-to-g42-for-us-2-2b.html
language: en-GB
date: 2025-02-26T03:38:01Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-technology/data-centres-networks/18046-e-quits-khazna-data-centre-jv-sells-stake-to-g42-for-us-2-2b.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1199
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-technology/data-centres-networks/18046-e-quits-khazna-data-centre-jv-sells-stake-to-g42-for-us-2-2b.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


  ![E& quits Khazna data centre JV, sells stake to G42 for US$2.2b](https://developingtelecoms.com/images/stories/Places/800x600/Abu_Dhabi_mosque_Credit_David-Rodrigo_Unsplash_600.jpg) Image credit: David Rodrigo | Unsplash  

 

UAE-based telco e& announced on Wednesday that it is exiting Khazna Data Centres – its joint venture with AI and cloud firm Group 42 – and will sell its 40% stake to G42 for US$2.2 billion.

In a statement to the Abu Dhabi Securities Exchange, e& said the sale would generate a capital profit of US$1.4 billion (before taxes and royalties), which would go toward paying down its debt.

E& also said the decision to quit Khazna was part of its “asset monetisation” strategy that would enable it to focus on core businesses.

E& and G42 [struck a deal in 2021](https://developingtelecoms.com/telecom-technology/data-centres-networks/12144-uae-s-largest-data-centre-provider-is-born.html) to merge their data centre businesses to form Khazna Data Centres. The merger was finalised a year later, making it the largest data centre provider in the UAE at the time with around 300MW of capacity. G42 took a 60% stake in Khazna, while e& held the remainder.

E& said it would continue to work with Khazna as both a strategic partner and a major tenant.

The transaction is expected to be finalized by the end the first quarter of 2025. At that point, MGX and Silver Lake will become minority shareholders in Khazna, according to a separate statement from G42.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.developingtelecoms.com\/#john_tanner_b807895845"
            },
            "dateModified": "2025-02-26T03:38:01Z",
            "datePublished": "2025-02-26T03:38:01Z",
            "description": "UAE-based telco e& (Etisalat) announced on Wednesday that it is exiting Khazna Data Center Holdings – its joint venture with AI and cloud firm Group 42 – and will sell its 40% stake to G42 for US$2.2 billion.",
            "headline": "E& quits Khazna data centre JV, sells stake to G42 for US$2.2b",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Places\/Abu_Dhabi_mosque_Credit_David-Rodrigo_Unsplash_600.jpg",
                    "caption": "Image credit: David Rodrigo | Unsplash",
                    "description": "E& quits Khazna data centre JV, sells stake to G42 for US$2.2b",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.developingtelecoms.com\/telecom-technology\/data-centres-networks\/18046-e-quits-khazna-data-centre-jv-sells-stake-to-g42-for-us-2-2b.html"
            },
            "publisher": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.developingtelecoms.com\/telecom-technology\/data-centres-networks\/18046-e-quits-khazna-data-centre-jv-sells-stake-to-g42-for-us-2-2b.html"
        },
        {
            "@type": "Person",
            "name": "John Tanner",
            "@id": "https:\/\/www.developingtelecoms.com\/#john_tanner_b807895845"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.developingtelecoms.com\/",
            "logo": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->