Emirates Telecommunications Group was established as Emirates’ telephone company and rebranded to e& in 2022, as it transformed into a technology and investment group. It serves 164 million subscribers across 16 countries in the Middle East, Asia, and Africa. In April 2023, the group signed a binding agreement with Uber Technologies to acquire a majority stake of 50.03% in Careem’s super-app business in exchange for an investment of $400 million in the company. In 2023, the group increased its stake in Vodafone Group to 14.6%, with the Group CEO Hatem Dowidar joining the Vodafone board as a non-executive director.