Vodafone Regulatory News (VOD)

21 December 2020

VODAFONE ANNOUNCES DISCUSSIONS IN EGYPT WITH STC HAVE BEEN TERMINATED

Vodafone announces today that its discussions with Saudi Telecom Company ("stc') regarding the sale of Vodafone's 55% shareholding in Vodafone Egypt have been terminated.

Vodafone Group CEO Nick Read said: "We believe that the Egyptian government is committed to an optimal framework for the telecoms sector, which will enable Vodafone Egypt to deliver on the country's vision of digitization and financial inclusion and create a technology hub to support our growth in the African region."

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