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Saudi Telecom extends Vodafone Egypt stake purchase until September

2020-07-13 09:26:00| Telecompaper Headlines

(Telecompaper) Saudi Telecom Company (STC) said it would need another two months to complete the purchase of Vodafone Group's 55 percent stake in Vodafone Egypt. STC said in a bourse statement that logistics challenges caused by the Covid-19 pandemic meant both parties need more time to complete the required procedures, including due diligence. Any material development with respect to the transaction would be announced to the bourse in due course. 

Tags: september purchase egypt telecom

Category:Telecommunications

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