e& Acquires Controlling Stake in PPF Telecom and Completes Acquisition of GlassHouse
October 30, 2024
e& completed the acquisition of a controlling stake (50% plus one economic share) in PPF Telecom’s service and infrastructure companies across Bulgaria, Hungary, Serbia and Slovakia, expanding its telecom footprint into Central and Eastern Europe. Separately, e& (via e& enterprise) completed a 100% acquisition of Turkey-based GlassHouse, a managed cloud and SAP infrastructure services provider, to deepen its enterprise cloud and managed services capabilities.
- Buyers
- e&
- Targets
- PPF Telecom Group (service and infrastructure companies in Bulgaria, Hungary, Serbia and Slovakia), GlassHouse (Türkiye)
- Sellers
- PPF Group
- Industry
- Telecommunications
- Location
- Netherlands
- Transaction Type
- Buyout
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