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24 January 2023 02:14 PM EGX announces execution of Vodacom's acquisition of stake in Vodafone Egypt
Cairo - Mubasher: The Egyptian Exchange (EGX) announced the execution of the optional purchase offer submitted by Vodacom Group Limited on Vodafone Egypt Telecommunications' shares. Vodacom bought 49,493 issued shares of Vodafone Egypt at a total …
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19 April 2022 10:51 AM Vodafone raises stake in Ebtikar's units to 10%
Cairo - Mubasher: Vodafone Egypt Telecommunications has raised its ownership stake in TBE Egypt for Payment Solutions and Services (Bee) and Applications & Payment Systems Development APSD (Masary), the subsidiaries of Ebtikar Holding for …
Telecom Egypt has the right to buy Vodafone Group’s shares in Vodafone Egypt
10 November 2021 10:27 AM Vodacom submits initial offer to acquire stake in Vodafone Egypt
Cairo – Mubasher: Telecom Egypt announced that the South African group Vodacom has made an initial offer to acquire Vodafone Group's stake in Vodafone Egypt.  Vodafone Group will reveal the value and structure of the offer, Telecom Egypt said in a …
Vodafone Group pays exceptional dividends of EGP 10 billion to shareholders
7 June 2021 02:45 PM Telecom Egypt inks amended shareholder agreement with Vodafone
Cairo – Mubasher: Telecom Egypt signed an amended shareholder agreement with Vodafone Group. The agreement includes amendments to Vodafone Group’s dividend policy in which the group pays exceptional dividends of EGP 10 billion to shareholders for …
Minister of Communications and Information Technology, Amr Talaat
30 December 2020 02:28 PM Egypt's NTRA inks $1.17bn mobile spectrum agreements
Cairo – Mubasher: The Egyptian Minister of Communications and Information Technology, Amr Talaat, witnessed the signing of new mobile frequencies agreements, the Middle East News Agency (MENA) reported on Wednesday. The agreements were signed by …
Minister of Public Business Sector, Hisham Tawfik
22 December 2020 00:26 PM Egypt inks cloud hosting deal with Vodafone-Fiber Misr alliance
Cairo – Mubasher: The Egyptian Minister of Public Business Sector, Hisham Tawfik, witnessed the signing of a cloud hosting contract with Fiber Misr, a subsidiary of Benya Holding, and Vodafone Egypt to implement the third phase of the digital …
An agreement was signed to settle some commercial disputes
21 December 2020 10:52 AM Telecom Egypt inks several commercial deals with Orange Egypt
Cairo – Mubasher: Telecom Egypt announced signing several agreements with Orange Egypt with the aim of improving their commercial and service quality terms.   The two telecom operators inked an amendment to their mobile-to-fixed termination …
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21 December 2020 10:20 AM Vodafone calls off talks to sell Egypt stake to STC
Riyadh –Mubasher: Vodafone had ended talks with the Saudi Telecom Company (STC) on the $2.4 billion sale of its 55% shareholding in Vodafone Egypt after a series of missed deadlines to complete the deal, Reuters reported on Monday. "We believe …
Vodafone Egypt, Telecom Egypt, and Etisalat Misr won the tender
4 November 2020 02:24 PM NTRA accepts $1.17bn bids for additional mobile spectrum
Cairo – Mubasher: The National Telecom Regulatory Authority (NTRA) announced the final results of the tender for the 2,600 megahertz (MHz) time division duplex (TDD) spectrum. The first phase of the tender included two bandwidths; the first one is …
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14 September 2020 02:19 PM Vodafone still in discussion with stc to sell $2.4bn stake in Egypt unit
Riyadh – Mubasher: Vodafone Group on Monday said due diligence regarding the sale of its 55% stake in Vodafone Egypt has been substantively completed by Saudi Telecom Company (stc). Despite the expiry of a memorandum of understanding (MoU), the …
stc and Vodafone Group agreed to keep the dialogue open
13 September 2020 08:28 AM stc says no deal reached on Vodafone Egypt $2.4bn stake
Riyadh – Mubasher: Saudi Telecom Company (stc) said that the tenure of the non-binding agreement previously signed with Vodafone Group to take over a 55% stake in Vodafone Egypt has ended without reaching an agreement to conclude the transaction …
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8 September 2020 10:16 AM stc in talks to cut $2.39bn offer for Vodafone Egypt
Riyadh – Mubasher: Saudi Telecom Company (stc) is in talks to reduce its non-binding $2.39 billion offer for a 55% stake in Vodafone Egypt, Bloomberg reported citing two people with direct knowledge of the matter. The discussions come as a …
Etisalat Misr came in the second position with an average data speed of 28 Mbps
15 July 2020 11:52 AM Orange tops Egypt’s mobile data service providers in May
Cairo – Mubasher: Orange Egypt topped mobile operators in data services in Egypt in May for the 11th month in a row, according to a report released by the National Telecom Regulatory Authority (NTRA). The average data speed of Orange Egypt reached …
The MoU has been extended for 60 days
12 July 2020 09:02 AM stc renews MoU to acquire majority stake in Vodafone Egypt
Riyadh – Mubasher: Saudi Telecom Company (stc) has renewed the non-binding Memorandum of Understanding (MoU) previously signed with Vodafone Group to take over a 55% stake in Vodafone Egypt for 60 days effective immediately. The decision comes in …
The new service allow digital payments without a credit card
4 May 2020 11:51 AM TPAY Mobile, Vodafone Egypt launch digital payment on Google Play
Cairo – Mubasher: Vodafone Egypt has partnered with TPAY Mobile, a digital payment enabler in the Middle East and Africa, to launch Direct Carrier Billing (DCB) on the Google Play store. TPAY Mobile will allow Vodafone Egypt's 41 million …
The parties need more time to complete the due diligence process
13 April 2020 09:54 AM stc extends MoU to acquire majority stake in Vodafone Egypt
Riyadh – Mubasher: The Saudi Telecom Company (stc) announced the extension of the memorandum of understanding (MoU) previously signed with Vodafone Group to acquire its stake in Vodafone Egypt for 90 days. The Saudi telecom operator said that “due …
Telecom Egypt reported net profits of EGP 4.4 billion in 2019
20 February 2020 00:37 PM EFG Hermes-Citibank to advise TE on Vodafone stake sale option
Cairo – Mubasher: The board of directors of Telecom Egypt approved a proposal to appoint the consortium comprised of EFG Hermes and Citibank to advise on its investment options regarding its stake in Vodafone Egypt. “With this strong consortium on …
Orange among the 4 biggest French companies investing in Egypt
12 February 2020 09:05 PM Orange to invest EGP 4bn in Egypt in 2020
Cairo – Mubasher: Orange Egypt for Telecommunications is planning to pump around EGP 4 billion investments in Egypt during 2020 to develop and upgrade infrastructure all over the country. The newly-announced investments will see the company’s …
Saudi stc signed MoU to acquire a 55% stake in Vodafone Egypt
5 February 2020 10:59 AM Telecom Egypt to hire bank to study Vodafone stake sale option
Cairo – Mubasher: Telecom Egypt is currently considering all possible investment options regarding its stake in Vodafone Egypt. The state-run telecom operator is set to appoint an investment bank to study these options and their consequences, …
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4 February 2020 00:02 PM Vodafone deal to accelerate stc revenue growth – Aljazira Capital
Riyadh – Mubasher: Acquiring Vodafone Egypt would help Saudi Telecom Company (stc) in expanding its footprint in the MENA region, since Egypt is a major and fast-growing market, according to a recent report by Aljazira Capital. The research firm …
Telecom Egypt’s FV is still under consideration
1 February 2020 04:35 PM Vodafone deal may have no impact on Telecom Egypt’s operations
Cairo – Mubasher: Telecom Egypt’s (TE) operations will not be affected by the acquisition of Vodafone Egypt by the Saudi Telecom Company (STC), provided that TE decided to keep its stake in Vodafone, analyst at Beltone Financial Ahmed Abdul Majid …
VOIS has services centres in Cairo, Giza, and Alexandria
29 January 2020 03:54 PM Vodafone’s business presence in Egypt unchanged on stc deal
Cairo – Mubasher: Vodafone will continue its presence in the Egyptian market through Vodafone Intelligent Solutions (VOIS), which provides a range of services to Vodafone’s operations around the world. This announcement came after Saudi Telecom …
The agreement allows due diligence and negotiating the deal terms
29 January 2020 09:44 AM stc signs MoU to acquire Vodafone Egypt for $2.4bn
Cairo – Mubasher: The Saudi Telecom Company (stc) announced that it has signed a non-binding memorandum of understanding (MoU) with Vodafone to acquire its 55% stake in Vodafone Egypt for $2.392 billion, equivalent to EGP 37.8 billion (SAR 8.97 …
Telecom Egypt logged a net profit of EGP 3.2 billion in nine months
26 January 2020 11:36 AM Telecom Egypt denies Vodafone stake sale reports
Cairo – Mubasher: Telecom Egypt denied reports about receiving offers for the sale of its stake in Vodafone Egypt Telecommunications. The state-run telecom operator confirmed that it has no intention to sell its stake in Vodafone Egypt in the …
Several projects are expected to be launched in 2020
19 December 2019 10:42 AM Telecom Egypt aims to maintain growth in 2020
Cairo – Mubasher: Telecom Egypt aims to achieve low double-digit revenue growth during 2020. The Egyptian telecom operator also revealed plans to register an earnings before interest, tax, depreciation and amortization (EBITDA) margin in the mid …