Mubasher TV
Contact Us Advertising   العربية

Telecom Egypt denies Vodafone stake sale reports

Telecom Egypt denies Vodafone stake sale reports
Telecom Egypt logged a net profit of EGP 3.2 billion in nine months
Telecom Egypt
ETEL
-1.36% 37.78 -0.52
Vodafone
VODE
-21.68% 119.09 -33.77

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 current period, according to a bourse disclosure on Sunday.

It is noteworthy during the first nine months of 2019, Telecom Egypt logged a net profit of EGP 3.2 billion, compared to EGP 3.5 billion in the corresponding period of 2018, including minority shareholders’ rights.