Saudi STC says failed to reach deal with Vodafone Group on Egypt stake

  • Date: 13-Sep-2020
  • Source: Egypt Today
  • Sector:Economy
  • Country:Saudi Arabia
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Saudi STC says failed to reach deal with Vodafone Group on Egypt stake

FILE: STC telecom office in Riyadh - Reuters







CAIRO – 13 September 2020: Saudi Arabia's largest telecoms operator Saudi Telecom Co (STC) said it has not reached an agreement with the British multinational telecommunications company Vodafone Group Plc to buy a 55 percent stake in its Egypt business.

Vodafone CEO Nicholas Read said in January that he informed the Egyptian