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Vodafone Egypt to Revise Price of Sale to STC
September 13th, 2020 - 06:30 GMT

Vodafone Egypt to Revise Price of Sale to STC

Vodafone may reconsider the planned sale price of its Egyptian unit to Saudi Telecom Co. (STC) in the light of changing economic realities, according to sources familiar with the deal. The move has reportedly come as a result of sustained pressure in the course of this year on the share price of British-owned Vodafone, which has seen its stock lose about a quarter of its value year-to-date. Newspaper Al-Mal quoted ...
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