e& Sells 40% Stake in Khazna Data Centers for $2.2 Billion
UAE telecom firm e& sells its 40% stake in Khazna Data Centers to AI company G42 for $2.2 billion, reshaping its strategy.
UAE telecom giant e& has finalized a $2.2 billion deal to divest its 40% stake in Khazna Data Center Holdings, Reuters has reported.
According to the report, the agreement, reached with artificial intelligence firm G42, marks a strategic shift in e&’s investment portfolio.
The move potentially aligns with the company’s broader focus on expanding its digital and AI-driven ventures while restructuring its data center assets.
