Davos 2024
UAE’s E& Sees its European Telecom Investments Paying Off When Rates Fall
- European telecoms may recover on lower interest rates: Dowidar
- Talks for majority in Saudi Arabia’s Mobily ‘frozen’ for now
Hatem Dowidar
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Hatem Dowidar, the chief executive officer of Emirati telecommunications company e&, said his investments in European carriers will start to pay off in the coming years as interest rates fall.
Dowidar — whose company has increased its stake in Vodafone Group Plc and has agreed to acquire Eastern European carrier PPF Telecom Group BV — said that while the industry in Europe has been hit hard by inflation and dividend commitments, he sees the market rebounding.