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Abdallah joined Vodafone in 1998 and since then he held senior commercial roles in Vodafone Egypt including Vodafone Business Director and most recently Consumer Business Director.
Should the deal be sealed, TE would merge WE with Vodafone Egypt
Despite acquisition MoU coming to end, fate of possible deal has yet to be decided
“An understanding has been reached between STC and Vodafone Group to keep the dialogue open,” the Saudi company added.
Move comes as potential STC takeover of Vodafone International Group’s stake in Egypt operations remains undecided
In a recent report attached to its financial results for the second quarter (Q2) of 2020, TE added that it is working with its consultants to identify all available alternatives and evaluate them.
The figures for FY 2019/2020 compared to the €1.1bn reported in the FY 2018/2019, with Vodafone International’s fiscal year starting on 1 April and ending on 31 March of each year.
The time will be used to complete the necessary procedures for the deal, according to a statement STC sent to the Saudi Stock Exchange (Tadawul).
During the meeting, Fouad confirmed that support will be given to the private sector to provide environmental services and contribute to solving environmental issues. She added that Egypt’s environment sector aims at supporting any investments in the field.
Bids from four companies to be deferred
TE has appointed Hermes and Citibank to define investment alternatives for its stake in Vodafone Egypt in light of Saudi STC’s agreement with Vodafone International to acquire its stake in Vodafone Egypt for $2.4bn.
Telecom Egypt goes over options in Vodafone deal with investment bank
Vodafone Egypt’s commitment to occupational health and safety sets a fantastic example for other Egyptian businesses across the nation
STC and Vodafone International Group agreed to sell the latter’s majority stake in Vodafone Egypt to STC for $2.4bn.
The revenues of Vodafone Egypt in the second quarter (Q2) increased by €43m, to record €356m, compared to €313m in Q1 FY 2019-2020.
In the event of the transaction’s completion, both parties intend to conclude a partnership agreement that will allow STC to use the Vodafone trademark and other Vodafone services.
The source said Vodafone International negotiated with more than one Gulf company, but it finally preferred STC and kept it secret until it got the best price.
Vodafone Egypt holds 55% of VIS platform, while 45% stake belongs to the state-run Telecom Egypt.
Company likely to reveal revenues amount of full FY 2018/19 by mid-June, says Alexandre Froment-Curtil
Cairo Regional Centre’s mandate final, not subject to appeal
Investing in infrastructure is our top priority, becoming cashless society is among our chief objectives
Vodafone customers in Egypt consumed 68,200 TB of internet
Vodafone Egypt’s net profit declined 49% in the first quarter of this year to EGP 638.2m, down from EGP 1.25bn in the last quarter of 2017. The profits are also 55% lower than the first quarter of 2017, when Vodafone realised EGP 1.4bn. The company has achieved revenues of around EGP 5bn, slightly more than …
Value of messaging services from TE to Vodafone last year reached EGP 1.1bn
Vodafone Global Enterprise said that the company’s unit in Egypt, Vodafone Egypt, has achieved its highest revenues in its history at EGP 18.5bn in 2017. Vodafone Egypt’s revenues rose to reach EGP 4.9bn in the last quarter of 2017, compared to EGP 4.8bn in the third quarter of the same year. The company had achieved …
Company expects 10% increase in its investments over next 3 years
29,000 new Vodafone ADSL customers
Dsquares works with top local & international brands like Vodafone Egypt, Orange Jordan, NBE
The company attracts 28,000 new ADSL subscribers during Q2 2017
Corporate Social Responsibility (CSR) has risen since the early 20th century due to the increasing separation between state ownership of production and private ownership, as well as the involvement of the private sector in the production process. The classical economic philosophy assumed that CSR is the provision of goods and services to consumers and the …