UAE’s E& to sell Vodafone stake to French telecoms tycoon for nearly $6 billion

Emirates Telecommunications Group Co., known as E&, has agreed to sell its stake in Vodafone Group Plc to an investment vehicle controlled by French billionaire Xavier Niel. The deal is valued at almost $6 billion. This transaction involves the UAE-based company transferring its holdings in the telecommunications provider to the French tycoon's entity, representing a significant financial agreement between the two parties as reported in the provided sources regarding the stake sale.