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)
Vodafone (VOD)