M&A Deal Summary

Emirates Telecom Acquires Yettel

On August 3, 2023, Emirates Telecom acquired communications company Yettel from PPF Telecom Group

Acquisition Highlights
  • This is Emirates Telecom’s 3rd transaction in the Communications sector.
  • This is Emirates Telecom’s 1st transaction in Hungary.

M&A Deal Summary

Date 2023-08-03
Target Yettel
Sector Communications
Buyer(s) Emirates Telecom
Sellers(s) PPF Telecom Group
Deal Type Divestiture

Target

Yettel

Torokbalint, Hungary
Yettel is a mobile phone operator. Yettel was founded in 1994 and is based in Torokbalint, Hungary.

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Buyer(S) 1

Buyer

Emirates Telecom

Abu Dhabi, United Arab Emirates

Category Company
Founded 1976
Sector Communications
DESCRIPTION

Emirates Telecom Corp. is a telecommunications operator in the six Arab countries of the Gulf Cooperation Council.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 3 of 3
Type (Divestiture) 3 of 3
Country (Hungary) 1 of 1
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Yettel

Belgrade, Serbia

Yettel is a provider of mobile services. Yettel was founded in 1994 and is based in Belgrade, Serbia.

Buy -

Seller(S) 1

SELLER

PPF Telecom Group

Amsterdam, Netherlands

Category Company
Founded 2013
Sector Communications
DESCRIPTION

PPF Telecom Group is a provider of telecommunications services in Central and South-eastern Europe. Its companies in the Czech Republic, Slovakia, Hungary, Bulgaria and Serbia have long invested in modern telecommunications infrastructure, which they continue to develop. PPF Telecom Group was formed in 2013 and is based in Amsterdam, Netherlands


DEAL STATS #
Overall 3 of 3
Sector (Communications) 3 of 3
Type (Divestiture) 3 of 3
Country (Hungary) 1 of 1
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Yettel

Belgrade, Serbia

Yettel is a provider of mobile services. Yettel was founded in 1994 and is based in Belgrade, Serbia.

Sell -