Freedom Telecom International (FTI), a subsidiary of Freedom Holding Corp. (FRHC), and e&, a leading global technology group, have signed a Memorandum of Understanding (MoU) to explore strategic collaboration opportunities at the intersection of telecommunications and financial technology across international markets.
The MoU establishes a high-level framework for cooperation, enabling both organizations to leverage their respective strengths in fintech, digital financial services, and telecom innovation. Through this collaboration, FTI and e& intend to assess opportunities to introduce new digital value propositions, explore advisory capabilities, and examine areas where jointly developed fintech–telco initiatives may create meaningful impact in future partner markets.
Although preliminary by design, the agreement represents a meaningful step toward a broader strategic collaboration. In the spirit of this partnership, both parties will continue exploring ways to deepen their cooperation and unlock joint opportunities across relevant markets.
Timur Turlov, Founder & CEO of Freedom Holding Corp., commented:
“Telecommunications development is a core pillar of our long-term strategy. Partnering with such a major global player as e& opens new horizons for Freedom Telecom International’s global growth. The combined strengths of a global telecom ecosystem and a high-growth fintech platform enable us to scale innovation across key markets. We firmly believe that this synergy will create strong competitive advantages and accelerate the implementation of joint initiatives worldwide.”
Jasim Abdalla, Head, Partner Markets, e& international, said:
“We see strong potential to work with trusted partners who help us bring more value to customers. This collaboration with FTI builds on our experience serving more than 250 million overall subscribers, including more than 16 million fintech customers across international markets. Together, we aim to expand reliable financial services into new markets and develop offerings that meet real customer needs.”
Johannes Hummer, CEO of Freedom Telecom International, commented:
“This MoU marks an important milestone in our relationship with e&. Together, we are exploring how the combined strengths of a global technology group and a high-growth financial technology ecosystem can open new avenues for innovation across diverse markets. Today’s signing is the first step toward building long-term, scalable value for customers and partners worldwide.”
About the Signing Parties
e& is a global technology group committed to shaping the digital future across markets in the Middle East, Asia, Africa, and Europe. In 2024, the group achieved AED 59.2 billion in consolidated revenue and AED 10.8 billion in net profit. e& continues to maintain its position as a financial powerhouse, reflected by its strong credit rating and solid balance sheet.
Founded in Abu Dhabi over 48 years ago, e& has evolved from a telecom pioneer into a technology group. Today, its footprint spans 38 countries, offering a comprehensive portfolio of innovative digital services ranging from advanced connectivity, entertainment, streaming, and financial services to AI-powered solutions, cloud computing, ICT, cybersecurity, and IoT platforms.
The Group is structured around five core business pillars: e& UAE, e& international, e& life, e& enterprise, and e& capital, each catering to distinct customer and market needs. These pillars empower e& to lead in various sectors, from telecom and digital lifestyle to enterprise services and venture investments. The ongoing strategic investments in AI, IoT, 5G, and cloud services reinforce its leadership in the global technology landscape, driving the future of smart connectivity and innovation.
To learn more about e&, visit eand.com.
On the other hand, Freedom Telecom International supports global partners in deploying and integrating Freedom Holding Corp’s portfolio of digital financial and lifestyle services. FTI also evaluates and executes investment opportunities in the telecom and fintech sectors, promoting financial and digital inclusion in emerging and frontier markets.
Freedom Holding Corp. is a leading international provider of investment and brokerage services across the markets of Central Asia and Eastern Europe, with more than 16 years of experience in global financial markets. The Holding’s shares are publicly traded on the NASDAQ stock exchange under the ticker FRHC with current market capitalization at USD 8.2 billion, and total assets amounting to USD 10.3 billion. The total number of clients in its digital ecosystem exceeds 11 million.
Freedom Holding Corp. employs over 10,000 professionals who are based in 231 offices in 22 countries, including Kazakhstan, the United States, the United Arab Emirates, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The company’s principal executive office is located in New York City.
To learn more about Freedom Telecom International, visit: freedomtelecominternational.com
To learn more about Freedom Holding Corp., visit: freedomholdingcorp.com
Media Contacts
Freedom Telecom International: contact@freedomtelecominternational.com
e& UAE: mediaoffice@eand.com
