Thank God for the Completion and Good Ending

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  In the journey of life, each chapter presents its unique challenges, obstacles, and rewards. There are moments when we find ourselves overwhelmed, questioning whether we will ever reach the finish line. However, just like the narrative arcs of our favorite stories, there’s something deeply satisfying about a well-executed conclusion—one that feels both rewarding and fulfilling. Whether it's a personal goal, a professional project, or even a cherished movie or book, the feeling of completion is something we all strive for. It brings a sense of peace, knowing that despite the ups and downs, there was a purpose behind every step we took. And when the ending is good, it makes all the struggles worthwhile. The Importance of Completion In a world that moves at such a rapid pace, we often rush through tasks and events, focusing on the next big thing before we’ve even processed the current one. Yet, completing something gives us the chance to reflect. We can look back and appreciate the ...

UAE's e& completes establishing a joint venture with Bespin Global

 

UAE

The joint venture (JV) between Bespin Global of South Korea and the UAE telecom provider e&, formerly known as Etisalat, has been finalized.

In return for a 10% interest, E& invested $60 million in Bespin Global, the telecommunications provider disclosed in a regulatory filing on Friday with the Abu Dhabi Securities return (ADX).

With effect from May 2023, the JV will be treated as a subsidiary of e&, it was said.

It will offer public cloud services for the Middle East,Turkey, Africa, and Pakistan and be owned by e& enterprise to the tune of 65% and Bespin Global to the tune of 35%.

One of the cloud managed service providers with the quickest rate of growth, Bespin Global has offices in South Korea, China, Japan, Singapore, Vietnam, Indonesia, and the US from where it serves over 1,700 clients.

The purchase fits with the strategic goals of the $57 billion telecoms business to diversify operations and increase its worldwide footprint. It entered into a legally binding deal with Uber Technologies Inc. last month to contribute $400 million in exchange for a controlling interest in Careem's super-app company.

It increased its shareholding to 14% earlier this year, making it the Vodafone Group's largest stakeholder.

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