French telecommunications giant Vivendi Universal has decided to sell its seven percent stake in Vodafone Egypt to British mobile operator Vodafone, for $48 million, pending the appropriate authorizations.
Vodafone Egypt (formerly branded Click GSM) initially launched mobile services in 1998 as Misrfone Telecommunications. The company is owned by an international consortium, with a team of over 1,900 employees and paid-in capital of 1.2 billion Egyptian Pounds. — (menareport.com)
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