CAIRO, Jan 28 (Reuters) - Vodafone Group is to sign
a memorandum of understanding with Saudi Telecom for
the possible sale of a stake in Vodafone Egypt, the
Egyptian cabinet said in a statement on Tuesday.
The announcement came after a visit to Egypt by Vodafone CEO
Nick Read. Vodafone Group holds a 55% stake in Vodafone Egypt,
with the remaining 45% held by Telecom Egypt.
Telecom Egypt said on Sunday it had no intention of selling
its stake.
(Reporting by Moamen Said Atallah
Writing by Aidan Lewis
Editing by Chris Reese)