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Vodafone expects deal to sell its Egypt unit to Saudi firm by end of June

Wed, 29th Jan 2020 07:03

CAIRO, Jan 29 (Reuters) - Vodafone Group expects the
deal to sell its 55% stake in Vodafone Egypt to Saudi
Arabia's largest telecom company STC will be completed
by the end of June, its Egyptian unit said.

STC said on Wednesday it has signed a preliminary agreement
to buy Vodafone's stake in Vodafone Egypt for $2.4 billion.

(Reporting by Ehab Farouk; Writing by Mahmoud Mourad; Editing
by Louise Heavens)

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