Freedom Telecom International and e& sign MoU to explore joint fintech–telco projects

Freedom Telecom International (FTI), a subsidiary of Freedom Holding Corp., has signed a Memorandum of Understanding with global technology group e& to examine joint projects that link telecom services with digital finance across multiple markets. The non-binding agreement sets out a framework for cooperation, including potential new digital products, advisory work, and co-developed initiatives that could be rolled out in partner countries.

Executives from both sides frame the deal as an early step toward a broader partnership, with FTI bringing its fintech and digital services portfolio and e& contributing its telecom scale and customer base, including more than 250 million subscribers and 16 million fintech users. e&, based in Abu Dhabi and active in 38 countries, reported AED 59.2 billion in revenue and AED 10.8 billion in net profit in 2024. FTI supports deployment of Freedom Holding Corp.’s financial and lifestyle services and seeks telecom and fintech investments, particularly in emerging and frontier markets. Freedom Holding Corp., listed on NASDAQ under FRHC with a market cap of about USD 8.2 billion, serves over 11 million clients through 231 offices in 22 countries.