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STC extends Vodafone Egypt stake purchase process by 90 days

Tuesday 14 April 2020 | 09:45 CET | News
Saudi Telecom Company (STC) says it needed more time to complete processes related to buying Vodafone Group's 55 percent stake in Vodafone Egypt. In a statement to the bourse, STC said it had extended its memorandum of understanding with Vodafone Group for 90 days because of logistical challenges caused by the novel coronavirus pandemic. 

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