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FinancialNews


  • 25-05-10

    Telecom Egypt mulls increasing Vodafone stake

    (MENAFN) Telecom Egypt is mulling said a plan to increase its share in the Egyptian mobile-phone unit of Vodafone Group, Bloomberg reported. The company's chief executive officer Tarek Al Tantawy said Telecom Egypt is also studying bidding for the country's fourth mobile-phone licence if the government offers such a licence. Vodafone Group is in talks to sell its 55 per cent stake in Vodafone Egypt Telecommunications, a person familiar with the matter said on Friday. Analysts put the value of the stake at about 3 billion pounds. Telecom Egypt already owns 45 per cent of Egypt's second-largest mobile phone operator

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