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Emirates Telecommunications Group Company PJSC
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Has e& turned its Vodafone sale into the group’s strongest balance-sheet reset in years?
e& has converted its entire Vodafone holding into AED21.5 billion of immediate cash, with another AED0.4 billion due on July 30. The exit strengthens financial flexibility, but the next test is whether management deploys the proceeds more effectively across its controlled telecom businesses.