UAE-based telecom group acquires 9.8% stake in Vodafone Group for $4.4 billion

Emirates Telecommunications Group Company PJSC (e&) has acquired a 9.8% stake in Vodafone Group for $4.4 billion. With this, the UAE-based company has become the largest shareholder in Vodafone, Bloomberg reported. e& said that it has "made the investment in Vodafone to gain significant exposure to a world leader in connectivity and digital services".