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Wireless

Vodafone Egypt stake sale to STC requires telecoms watchdog approval

Friday 31 January 2020 | 09:24 CET | News
Egypt's telecommunication industry regulator says it will have to approve the sale by Vodafone of its 55 percent stake in Vodafone Egypt to Saudi Telecom Company (STC), Reuters reported. Both firms announced a non-binding deal proposal on 29 January, valuing Vodafone Egypt at USD 4.4 billion.

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Categories: Mobile & Wireless
Companies: Saudi Telecom / Telecom Egypt / Vodafone / Vodafone Egypt
Countries: Egypt
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