Saudi Telecom Extends MoU To Acquire Stake In Vodafone Egypt

UPDATES ON MOU WITH VODAFONE TO ACQUIRE THE GROUP’S SHAREHOLDING IN VODAFONE EGYPT

SAYS DUE TO LOGISTICAL CHALLENGES CAUSED BY COVID-19 PANDEMIC, PARTIES NEED MORE TIME TO COMPLETE PROCESSES RELATED TO TRANSACTION

 SAYS PARTIES AGREED TO EXTEND THE MOU FOR 90 DAYS

* SAYS PARTIES WILL BE WORKING TO PROGRESS TRANSACTION AS SET OUT IN THE MOU DURING THIS PERIOD Source text for Eikon: Further company coverage: