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Mid East Info
3 days ago
- Business
- Mid East Info
e& and 4iG Group partner to advance cross-regional digital infrastructure - Middle East Business News and Information
e& and 4iG Group, the leading provider of integrated telecommunications services in Hungary and the Western Balkans, have signed a strategic Memorandum of Understanding (MoU) to explore collaboration across key areas of digital infrastructure. Hatem Dowidar, Group Chief Executive Officer, e&, said: 'Our strategic partnership with 4iG is an important step in strengthening cross-regional digital infrastructure that supports economic growth, resilience, and innovation. Rooted in purposeful innovation and a belief in the power of infrastructure to unlock human potential, we see this collaboration as a platform for long-term projects that bridge continents, empower communities, and accelerate inclusive digital transformation across the Middle East, North Africa, and Europe.' Gellért Jászai, Chairman, 4iG Group, said: 'Partnering with e& opens new avenues for collaboration across fast-growing digital corridors that link Europe with the Middle East and Africa. By combining our regional strength with e&'s global reach, we are building a strategic alliance focused on unlocking long-term value through innovation, infrastructure development, and shared investment opportunities.' The MoU sets the framework for future cooperation between e& and 4iG in the planning, development, and operation of advanced connectivity and data infrastructure. This includes potential joint initiatives in subsea and terrestrial networks, large-scale data centres, and other strategic projects that enhance digital interconnection between the Middle East, North Africa, and Europe. The preliminary scope also includes a jointly developed data centre in Albania to support subsea data traffic, and the potential development of other digital infrastructure in Hungary via e& PPF Telecom. Furthermore, the partnership will aim to cooperate on planning, implementation and operation of Subsea cable projects connecting primarily Middle East, North Africa and Europe. This will support the digital needs of tens of millions in the region, supporting global trade and economic development. By combining e&'s global expertise in telecom infrastructure and network development with 4iG's regional leadership and decades of experience in transit networks across the Western Balkans, the partnership lays the groundwork for scalable digital infrastructure projects and increased cross-border collaboration. This agreement is part of a broader set of strategic MoUs signed by 4iG Group with leading UAE entities, including EDGE Group and Mubadala Investment Company. Together, these partnerships reflect a shared ambition to deepen economic ties between Hungary and the UAE, while advancing cooperation in priority sectors such as digital infrastructure, defence technologies, and strategic investments. This also sets the path for future trade alliances: flexible, strategic, and built on common pillars of sustainable development, innovation, and economic cooperation. About e&: e& is a global technology group committed to advancing the digital future across markets in the Middle East, Asia, Africa and Europe. With the group's financial performance in 2024 showing a consolidated revenue of AED 59.2 billion and a net profit of AED 10.8 billion, e& continues to maintain its position as a financial powerhouse, reflected by its strong credit rating and solid balance sheet. Founded in Abu Dhabi over 48 years ago, e& has evolved from a telecom pioneer into a technology group. Its footprint now spans 38 countries, offering a comprehensive portfolio of innovative digital services ranging from advanced connectivity, entertainment, streaming and financial services to AI-powered solutions, cloud computing, ICT, cybersecurity and IoT platforms. The Group is structured around five core business pillars: e& UAE, e& international, e& life, e& enterprise and e& capital, each catering to distinct customer and market needs. These pillars empower e& to lead in various sectors, from telecom and digital lifestyle to enterprise services and venture investments. The ongoing strategic investments in AI, IoT, 5G and cloud services reinforce its leadership in the global technology landscape, driving the future of smart connectivity and innovation. Driven by innovation, sustainability and a commitment to digital empowerment, e& is set on creating a smarter, more connected future for individuals, businesses and communities. About 4iG Group: 4iG Plc. is a Hungarian majority-owned company based in Budapest. It is a leading telecommunication, IT, aerospace and defence group in Hungary and the Western Balkans, and a key player in the knowledge-based digital economy. The Budapest Stock Exchange-listed company has a fresh and innovative approach, and its position as Hungary's leading IT systems integrator makes it a leading business service provider in the region's digital transformation. 4iG's dynamic expansion strategy has resulted in the company becoming a dominant player in the Hungarian and Western Balkan telecom markets. The Group is continuously expanding its services, expertise, and portfolio to meet the changing needs and demands of the telecom and IT markets. 4iG Group is a substantial employer, with a workforce of over 8,000 people.
TECHx
3 days ago
- Business
- TECHx
e& Signs MoU with 4iG to Boost Digital Infrastructure
Home » Smart Sectors » Telecom » e& Signs MoU with 4iG to Boost Digital Infrastructure e& and 4iG Group have announced the signing of a strategic Memorandum of Understanding (MoU) to explore collaboration across key areas of digital infrastructure. 4iG Group is a leading provider of integrated telecommunications services in Hungary and the Western Balkans. Hatem Dowidar, Group Chief Executive Officer, e&, said the partnership aims to strengthen cross-regional digital infrastructure that supports economic growth, resilience, and innovation. He emphasized that the collaboration reflects e&'s commitment to purposeful innovation and using infrastructure to unlock human potential. Gellért Jászai, Chairman of 4iG Group, stated that partnering with e& opens new possibilities for collaboration along fast-growing digital corridors linking Europe, the Middle East, and Africa. He noted that the alliance will focus on innovation, infrastructure development, and shared investment opportunities. The MoU outlines plans for future cooperation in the planning, development, and operation of advanced connectivity and data infrastructure. This includes potential joint initiatives such as: Subsea and terrestrial networks Large-scale data centres and strategic digital infrastructure projects The preliminary scope includes a jointly developed data centre in Albania to support subsea data traffic. The partnership also considers expanding digital infrastructure in Hungary through e& PPF Telecom. Moreover, both parties plan to collaborate on subsea cable projects connecting the Middle East, North Africa, and Europe. These initiatives aim to meet the digital needs of millions across the regions and support global trade. The agreement combines e&'s global telecom infrastructure expertise with 4iG's regional experience in transit networks across the Western Balkans. This MoU is part of a broader effort by 4iG Group to deepen UAE-Hungary ties. Other recent agreements include strategic MoUs with EDGE Group and Mubadala Investment Company. These partnerships support cooperation in sectors such as digital infrastructure, defence technologies, and strategic investments. They aim to build flexible, sustainable, and innovation-driven trade alliances.
Business Recorder
08-07-2025
- Business
- Business Recorder
Etisalat invited to invest in ICT
ISLAMABAD: Pakistan has invited UAE's Etisalat Group to expand its investments in the country's information and communication technology (ICT) and telecom sectors. Deputy Prime Minister/ Foreign Minister Ishaq Dar, Monday, received a delegation from Etisalat Group, UAE, led by the Group CEO Hatem Dowidar. Dar highlighted Pakistan's growing digital economy and the government's commitment to fostering a business-friendly environment. Group CEO Dowidar appreciated the Government of Pakistan's consistent support and reaffirmed Etisalat Group's long-term commitment to the Pakistani market, expressing keen interest in contributing to its digital growth and connectivity goals The meeting was attended by the Minister for IT, SAPM Tariq Bajwa, National Coordinator SIFC, secretaries IT and Commerce, and Privatization, and senior Ministry of Foreign Affairs officials. Copyright Business Recorder, 2025
Express Tribune
07-07-2025
- Business
- Express Tribune
PM invites Etisalat to expand investment
Prime Minister Shehbz Sharif on Monday invited the Etisalat Group to further invest in various sectors of Pakistan's economy and assured that the government would provide all necessary facilities in this regard. He met with a five-member delegation of the Emirati telecommunications company Etisalat Group, led by its CEO Hatem Dowidar that called on him, PM Office Media Wing said in a press release. Foreign Minister Ishaq Dar, Minister for Finance Muhammad Aurangzeb, Minister for IT Shaza Fatima Khawaja and senior officials from the relevant institutions also attended the meeting.
Arab News
07-07-2025
- Business
- Arab News
Etisalat CEO reaffirms investment commitment to Pakistan in meeting with deputy PM
ISLAMABAD: The chief executive of UAE-based telecom firm Etisalat met Pakistan's deputy prime minister in Islamabad on Monday and reaffirmed the group's long-term investment commitment to the country, Pakistan's ministry of foreign affairs said in a statement. Deputy Prime Minister and Foreign Minister Ishaq Dar hosted Etisalat Group CEO Hatem Dowidar and a high-level delegation that included top Pakistani officials from the IT, commerce, and privatization ministries, as well as the Special Investment Facilitation Council (SIFC). Dar highlighted Pakistan's 'growing digital economy and the government's commitment to fostering a business-friendly environment. He invited Etisalat Group to expand its investments in the country's ICT and telecom sectors,' a statement from the foreign ministry said. Dowidar 'appreciated the Government of Pakistan's consistent support' and expressed interest in contributing to the country's digital connectivity and growth goals, the statement added. Etisalat currently owns a 26 percent stake in Pakistan Telecommunication Company Limited (PTCL), a former state-owned enterprise that was partially privatized in 2006. However, the transaction has been mired in disputes, with Etisalat withholding $800 million of the sale price over issues related to the transfer of properties promised as part of the deal. Pakistan's repeated efforts to fully privatize PTCL have faced delays due to the unresolved asset transfer issue and lack of consensus on valuation. The government has said resolving the matter with Etisalat is crucial for moving forward with broader privatization goals, especially under commitments tied to IMF-supported economic reforms.
