January 29, 2020 / 7:20 AM / 22 days ago

Vodafone expects deal to sell its Egypt unit to Saudi firm by end of June

CAIRO, Jan 29 (Reuters) - Vodafone Group expects the deal to sell its 55% stake in Vodafone Egypt to Saudi Arabia’s largest telecom company STC will be completed by the end of June, its Egyptian unit said.

STC said on Wednesday it has signed a preliminary agreement to buy Vodafone’s stake in Vodafone Egypt for $2.4 billion.

Reporting by Ehab Farouk; Writing by Mahmoud Mourad; Editing by Louise Heavens

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