Saudi Telecoms Firm Ends Talks To Take Over Egyptian Company


Saudi telecoms firm ends talks to take over Egyptian company

Mon, 14 Sep 2020 | By middleeastmonitor | 2 Hits

The Saudi Telecom Company STC has announced the end of the memorandum of understanding with Vodafone to acquire its 55 per cent stake in VodafoneEgypt after ending talks on an agreement to conclude the deal The company revealed the details in a statement published on the Saudi Stock Exchange website Although talks have been ended explained STC it has agreed with Vodafone to maintain a dialogue STC had extended the MoU in April for a period of 90 days indicating that the two companies would work during this time to move ahead with the agreem >>READ MORE



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