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Telecom Egypt comments on stc-Vodafone deal

Vodafone ended talks with stc on the sale deal in December 2020.
26.09.21 | Source: Zawya




Telecom Egypt commented on news reports stating that the Saudi Telecom Company (stc) is seeking to secure a loan worth $1.1 billion to finance the acquisition of Vodafone Egypt.




 

 


The Egyptian telecom operator said that it has not been informed of any details regarding the matter, according to a statement to the Egyptian Exchange (EGX) on Wednesday.




In December 2020, Vodafone ended talks with stc on the $2.4 billion sale deal of its 55% shareholding in Vodafone Egypt after a series of missed deadlines to complete the deal.


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