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e& PPF Telecom Group

e& PPF Telecom Group is a major telecommunications services provider in Slovakia, Hungary, Bulgaria, and Serbia. Formed through a strategic partnership between e& and PPF, the group is evolving from a mobile operator into a regional technology leader. It is leveraging PPF’s cross-industry expertise, innovative operating model, and local knowledge, along with e&’s global presence and competence in advanced technologies and innovation.  

PPF entered the telecom industry in 2014 and has been transforming it ever since. In 2015, it pioneered the separation of infrastructure from end-user services. This move revitalised both branches of the traditional telecom model by enhancing efficiency, agility, and, above all, management focus.
This innovation has reignited sustainable growth in every telecom operator acquired by PPF. In 2024, PPF spurred a new cycle of growth by partnering with e&, the global technology group, to unlock synergies and drive further innovation. This partnership created the e& PPF Telecom Group.

Etisalat

Yettel and O2

The group serves consumer, corporate, and public sector customers through the O2 and Yettel brands, offering mobile voice, data and text messaging, fixed broadband, multi-platform internet television, and corporate data networks.

The group’s telecommunications infrastructure providers are consolidated within the CETIN International subgroup, which offers wholesale services to all operators on equal terms.

CETIN International

CETIN International is the leading telecommunications infrastructure services provider in the region. It operates a high-quality telecommunication infrastructure portfolio, including the full scope of mobile access network assets, an extensive fibre backbone and aggregation network, and a high-capillarity fixed access network.

CETIN offers wholesale telecommunications infrastructureservices to all operators in their four markets on equal terms. In Slovakia and Hungary, CETIN operates radio access networks for mobile services under network sharing agreements. This improves network coverage and capacity, accelerates modernisation, and generates energy savings.

PPF holds 50% minus one share in e& PPF Telecom Group, the majority shareholder with 50% plus one share is e&.

Key operational data

e& PPF Telecom Group

2024

Mobile subscribers

12 220 000 

Fixed broadband subscribers

417 000

PayTV subscribers

251 000

Employees

7 000

“Leveraging the partnership between PPF and e&, we are developing a fully digitised customer journey and product suite to create an ecosystem around telecom services and further enhance the customer experience as our strategic differentiator.”

Balesh Sharma

CEO, e& PPF Telecom Group

Key operational data

Balesh Sharma

Contacts

PPF Telecom Group B.V.

Zuidplein 168
1077 XV Amsterdam
The Netherlands

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