The move comes following Saudi Telecom Company (STC) bid to acquire the 55-percent stake of Vodafone Group (VOD.L) in Vodafone Egypt.
“The company’s main goal is to ensure that its shareholders gain the maximum benefit out of the opportunities currently presented.”
“But the company will remain on its investment in Vodafone International Services in Egypt, which it recently acquired,” Froman added.
The agreement won't be final unless the NTRA gives it the okay, it said.
Egypt Today reviews the most prominent pieces of information about the newcomer to the Egyptian market “STC”
Egyptian Prime Minister Mostafa Madbouli met Tuesday with the CEO of Vodafone group, Nicholas Read, along with MCIT Amr Tala’at.
Morsi is leading Egypt’s delegation to the ministerial meeting that kicked off in the Ethiopian capital on October 28 and will run until November 1st.