Vodafone Group has struck a preliminary deal to sell its 55 percent stake in its Egyptian unit to Saudi Arabia’s largest telecoms operator STC for $2.4 billion, the companies said on Wednesday. It values Vodafone Egypt at around $4.4 billion and the pair agreed to a long-term partnership agreement, which includes use of the Vodafone brand, preferential roaming arrangements, and giving access to Vodafone’s central procurement function. Selling the stake ...