Telecom Egypt mulls all scenarios for stake in Vodafone Egypt

Cairo – Mubasher: Telecom Egypt stated Tuesday that the company considers all available scenarios regarding its 45%-stake in Vodafone-Egypt.

The 4G license agreement did entail any clause concerned with the above stake, the telecom company added in a bourse filing.

On 31 August 2016, the company signed a 4G agreement at EGP 7.08 billion, of which 50% will be paid in US dollar.

The stock quote rose 2% on Tuesday to EGP 11.3 by 10:02 Cairo local time. 

Mubasher Contribution Time: 13-Dec-2016 08:56 (GMT)
Mubasher Last Update Time: 13-Dec-2016 08:56 (GMT)