0
Wireless

Vodafone terminates acquisition talks with STC over Egyptian stake

Monday 21 December 2020 | 14:58 CET | News
Vodafone Group said its discussions with Saudi Telecom Company (STC) regarding the sale of Vodafone's 55 percent shareholding in Vodafone Egypt have been terminated. Vodafone Group CEO Nick Read said the Egyptian government is committed to an optimal framework for the telecoms sector, which will enable Vodafone Egypt to fulfil the country's vision of digitisation and financial inclusion, and create a technology hub to support its growth in the African region.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: STC / Vodafone / Vodafone Egypt / Vodafone Group
Countries: Egypt / Saudi Arabia
::: add a comment
This article is part of dossier

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

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

Published 24 Sep 2021 12:01 CET | Saudi Arabia
STC and Vodafone Egypt have returned to the discussion floor, regarding the sale of Vodafone's 55 percent stake in Vodafone ...

Telecom Egypt, Vodafone Group agree new dividend policy at Vodafone Egypt

Published 07 Jun 2021 14:47 CET | Egypt
Telecom Egypt (TE) and Vodafone Group have signed a modified shareholders' agreement over their joint venture Vodafone Egypt. It ...

Telecom Egypt raises proposed FY dividend after higher Vodafone pay-out

Published 23 Mar 2021 12:56 CET | Egypt
Vodafone Egypt approved a dividend of EGP 2 billion during its ordinary general meeting held on 18 March, of which Telecom ...

Vodafone to complete due diligence for 20% stake in Bee, Masary in 3 months - report

Published 02 Mar 2021 09:35 CET | Egypt
Vodafone Egypt will complete the due diligence on Bee and Masary within a maximum of three months, in preparation for it ...

Vodafone Egypt to buy 20% stakes in digital payment firms Bee and Masary

Published 24 Feb 2021 11:05 CET | Egypt
Vodafone Egypt has signed a memorandum of understanding (MoU) to buy 20 percent stakes in two digital payment companies, Bee and ...

Vodafone Group maintains outlook after return to organic service revenue growth in Q3

Published 03 Feb 2021 08:35 CET | Europe
Vodafone Group reported a return to positive organic service revenue growth in its fiscal third quarter to December, with growth ...

Al-Sisi meets Vodafone Group CEO to enhance cooperation

Published 21 Dec 2020 11:30 CET | Egypt
Egyptian President Abdel Fattah Al-Sisi held talks with Vodafone Group CEO Nick Reed on 20 December to review the joint ...

Vodafone says still in talks with STC on sale of Vodafone Egypt stake

Published 17 Nov 2020 11:23 CET | Egypt
Vodafone Group remains in talks to sell its 55 percent stake in Vodafone Egypt to Saudi operator STC, the company said in its ...

Vodafone Egypt expects to self-finance new frequencies over 3 years

Published 10 Nov 2020 11:06 CET | Egypt
Vodafone Egypt says it will self-finance the value of its new mobile frequencies, with payments to be made over a three year ...

Telecom Egypt mulls acquisition of all Vodafone Egypt shares - report

Published 16 Sep 2020 10:15 CET | Egypt
Telecom Egypt is considering acquiring all the shares in Vodafone Egypt, Al-Borsa reported, citing sources close to the potential ...

STC fails to strike deal on buying Vodafone Egypt stake

Published 14 Sep 2020 09:11 CET | Egypt
Saudi Telecom Company (STC) said no agreement has been reached to buy a 55 percent stake in Vodafone Egypt, but the parties have ...

STC seeks to slash USD 2.40 bln offer for Vodafone Egypt - report

Published 08 Sep 2020 09:39 CET | Saudi Arabia
Saudi Telecom Company (STC) is in discussions to reduce its non-binding USD 2.39 billion offer for a stake in Vodafone Egypt, ...

Vodafone agrees to sell 55% stake in Egypt unit to STC

Published 29 Jan 2020 08:53 CET | Egypt | Update: 29 Jan 2020 10:11 CET
Vodafone Group has agreed to sell its 55 percent stake in Vodafone Egypt to Saudi Telecom Company (STC) for USD 2.39 billion ...

STC in talks to acquire 55% of Vodafone Egypt from Vodafone International - report

Published 27 Jan 2020 10:41 CET | Egypt
Saudi operator STC is in talks to acquire a stake in Vodafone Egypt, Youm7 newspaper reported, citing sources. The talks concern ...





Calendar   /   Industry Events

22 Oct Doro Q3 results
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
25 Oct Facebook Q3
26 Oct Twitter Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct NENT Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct Digital Realty Q3
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct FCC meeting
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct MWC Los Angeles
27 Oct Telefonica Deutschland Q3 2021
27 Oct TIM Q3 2021
27 Oct Spotify Q3 2021
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Twilio Q3
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
::: More Calendar Items