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STC delays USD 2 bln debt talks for Vodafone Egypt deal over Covid-19 - report

Friday 3 April 2020 | 08:57 CET | News
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Saudi Telecom Company (STC) has postponed talks to raise debt to fund the acquisition of Vodafone Group's stake in its Egyptian business because of the coronavirus outbreak, Bloomberg reported citing unnamed sources. Work on the acquisition is still continuing and STC may resume negotiations with banks for a loan of more than USD 2 billion once things have settled, the report said. 

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Categories: Mobile & Wireless
Companies: STC / Vodafone / Vodafone Egypt / Vodafone Group
Countries: Saudi Arabia
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