Telecom Egypt considers acquiring all Vodafone Egypt shares

SourceArab News
SectorFinancial Markets
CountryEgypt

Telecom Egypt considers acquiring all Vodafone Egypt shares Telecom Egypt considers acquiring all Vodafone Egypt shares Telecom Egypt considers acquiring all Vodafone Egypt shares Short Url Updated 58 min 38 sec ago Mohammed Abu Zaid Telecom Egypt considers acquiring all Vodafone Egypt shares STC said on Sunday that no agreement had been reached regarding the possible sale Updated 58 min 38 sec ago Mohammed Abu Zaid CAIRO: Telecom Egypt is considering acquiring all shares in Vodafone Egypt, according to a media report citing sources close to a potential deal involving Saudi Telecom Company (STC) buying a 55 percent stake in Vodafone’s Egyptian unit. Telecom Egypt has a 45 percent stake in Vodafone Egypt. Vodafone Global signed a memorandum of understanding with STC on Jan. 29 regarding the possible sale of the stake to STC for $2.4 billion. Newspaper Al-Borsa reported that Telecom Egypt ...read more...