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STC looks for USD 1 bln in financing to complete Vodafone Egypt deal

Friday 24 September 2021 | 12:01 CET | News
STC and Vodafone Egypt have returned to the discussion floor, regarding the sale of Vodafone's 55 percent stake in Vodafone Egypt, after getting disrupted in December, CNBC reported, citing banking sources. These added that the Saudi company is looking to secure a soft loan of about USD 1.1 billion. The sources noted that STC getting the financing is subject to company approval and that the new negotiations could still falter.

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