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
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