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FINANCIAL NEWS
Telecom Egypt mulls increasing Vodafone stake
25 May 2010
(MENAFN) Telecom Egypt is mulling said a plan to increase its share in the Egyptian mobile-phone unit of Vodafone Group, Bloomberg reported.
The company’s chief executive officer Tarek Al Tantawy said Telecom Egypt is also studying bidding for the country’s fourth mobile-phone licence if the government offers such a licence.
Vodafone Group is in talks to sell its 55 per cent stake in Vodafone Egypt Telecommunications, a person familiar with the matter said on Friday.
Analysts put the value of the stake at about 3 billion pounds.
Telecom Egypt already owns 45 per cent of Egypt’s second-largest mobile phone operator
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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