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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.

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.

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

Key Financials

	2024
Revenues	EUR 2,123 billion
EBITDA	EUR 1,005 billion
EBITDA margin	47%

“The digital economy is underpinned by high-quality telecommunications services and secure communications infrastructure for operators. We are proud to be contributing to its development in countries across Central and South-eastern Europe.”

Balesh Sharma

CEO, e& PPF Telecom Group

Key Financials

Balesh Sharma

Contacts

PPF Telecom Group B.V.

www.eandppftelecom.eu

Zuidplein 168
1077 XV Amsterdam
The Netherlands

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e& PPF Telecom Group

8/7/2025

Balesh Sharma: Partnership with e& confirms PPF's commitment to Bulgaria

e& PPF Telecom Group

11/2/2025

e& PPF Telecom Group agrees 100% acquisition of Serbia Broadband (SBB)

e& PPF Telecom Group BV (“e& PPF Telecom”) today signed a binding agreement with United Group BV (“United Group”) to acquire - for a consideration of EUR 825 million (on a cash free, debt free basis) - 100% of SBB d.o.o. (“SBB”), a leading cable television and broadband internet service provider in Serbia with more than 700,000 active customers in the country.

e& PPF Telecom Group

4/9/2023

PPF Telecom Group: 2022 sustainability report

PPF Telecom Group has published its sustainability report for 2022, which reiterates the Group’s commitment to environmental and social sustainability, and measures the progress made in delivering upon its strategy and targets.

e& PPF Telecom Group

2/7/2023

PPF Telecom Group Dismayed by Regulatory Ruling Taken in Bulgaria

PPF Telecom Group B.V. (or “PPF Telecom”), which includes the Yettel telecom operating companies and the CETIN telecom infrastructure companies, is dismayed by regulatory decision taken in Bulgaria that will effectively undermine Bulgaria’s telecom marketplace and lead to the creation of a dominant player to the detriment of consumers.

e& PPF Telecom Group

20/4/2023

CETIN a.s. agreed to acquire Nej.cz

CETIN a.s., a subsidiary of PPF Telecom Group, has agreed to acquire Nej.cz, a Czech internet service provider (ISP).

e& PPF Telecom Group

2/4/2023

PPF Telecom Group to reduce CO2 emissions in Bulgaria with renewable energy Power Purchase Agreement

Yettel Bulgaria and CETIN Bulgaria, both part of PPF Telecom Group (the Group), have moved to reduce their CO2 emissions by concluding a 10-year power purchase agreement (PPA) with Electrohold, Bulgaria’s leading renewable energy producer. The Group is seeking to replicate the PPA initiative in other markets in Central and South Eastern Europe in line with its sustainability strategy.

e& PPF Telecom Group

22/3/2023

PPF Telecom Group Posts Solid Financial Results in 2022

PPF Telecom Group B.V. has published its audited consolidated financial statements for 2022

e& PPF Telecom Group

Key Financials

“The digital economy is underpinned by high-quality telecommunications services and secure communications infrastructure for operators. We are proud to be contributing to its development in countries across Central and South-eastern Europe.”

Balesh Sharma

Contacts

PPF Telecom Group B.V.

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