Vodafone announced it has terminated its discussions with Saudi Telecom Company (STC) for selling Vodafone’s 55 percent stake in Vodafone Egypt for $2.4 billion.
Vodafone Group CEO Nick Read said: “Egyptian government is committed to an optimal framework for the telecoms sector, which will enable Vodafone Egypt to deliver on the country’s vision of digitization and financial inclusion and create a technology hub to support our growth in the African region.”
Vodafone cancels $2.4 bn deal to sell stake in Vodafone Egypt to STC
Subscribe
Login
0 Comments
Oldest
More like thisRelated
Deutsche Telekom Builds New Leadership Team to Drive €30 Billion Fiber, 5G, Cloud and AI Strategy
Deutsche Telekom is assembling a new generation of senior...
Telecom Jobs 2026: T-Mobile, Verizon, Jio, Vodafone Idea and Deutsche Telekom Are Hiring
The telecom job market remains active in 2026 despite...
Telco AI Revenue Opportunity Grows as Deutsche Telekom, Orange, Bell, Telus, e& and Grameenphone Build AI Infrastructure
The shift toward AI monetisation is visible among major...
Iliad Revenue Reaches €5.24 Billion as Subscriber Base Grows to 52.5 Million and Fiber Adoption Tops 90%
Iliad has generated revenue of €5.24 billion in the...