Vodafone Group Plc Statement re Vodafone Egypt
September 14 2020 - 02:30AM
Dow Jones News
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RNS Number : 8206Y
Vodafone Group Plc
14 September 2020
14 September 2020
VODAFONE STATEMENT REGARDING VODAFONE EGYPT
Vodafone Group Plc ("Vodafone") announces that due diligence has
been substantively completed with respect to the potential sale of
its 55% stake in Vodafone Egypt to Saudi Telecom Company ("stc").
Despite the expiry of the Memorandum of Understanding, Vodafone
remains in discussion with stc to finalise the transaction in the
near future.
Vodafone now looks to stc and Telecom Egypt to find a suitable
agreement to enable the transaction to close.
- ends -
For more information, please contact:
Investor Relations Media Relations
Investors.vodafone.com Vodafone.com/media/contact
ir@vodafone.co.uk GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No. 1833679
About Vodafone
Vodafone is a leading technology communications company keeping
society connected and building a digital future for everyone.
Vodafone is focused on two scaled and differentiated regional
platforms in Europe and Africa. We operate mobile and fixed
networks in 22 countries and partner with mobile networks in 48
more. As at 30 June 2020 we had over 300m mobile customers, more
than 27m fixed broadband customers and over 22m TV customers.
We connect for a better future. We are optimistic about how
technology and connectivity can enhance the future and improve
people's lives. Through our business, we aim to build a digital
society that enhances socio-economic progress, embraces everyone
and does not come at the cost of our planet. That is why we have
committed to improve one billion lives and halve our environmental
impact by 2025.
For more information, please visit: www.vodafone.com .
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END
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September 14, 2020 02:15 ET (06:15 GMT)
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