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With the possibility of completing the deal sometime in the summer, Telecom Egypt (TE) has begun discussing the investment opportunity in the deal, in light of its acquisition of 45% of Vodafone Egypt.
Reed confirmed that the reason behind leaving Egypt is to focus investments in other markets according to Vodafone’s strategy, stressing that the Egyptian market was among the best in which Vodafone has worked in for more than 20 years.
The FRA source told Daily News Egypt (DNE) that the FRA was not officially notified by any company of the updates yet.
The company has the right to acquire Vodafone Egypt’s full shares on the condition they offer a similar deal to STC: Legal source
The Vodafone Group acquired Egypt’s VOIS for EGP 1bn in November
Market capital up 1.5% reaching EGP 708.1bn
TE has pre-emption right to purchase Vodafone International’s stake in Vodafone Egypt after STC $2.39bn acquisition offer for Vodafone Egypt
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.
Orange was able to add about 37,900 new subscribers to its services last October, increasing the number of subscribers to its services from 28.2 million subscribers last September and reaching 28.3 million.
Egypt has turned into an attractive market to invest in infrastructure and digital transformation
This project, named after Magda Sami, a social worker and an advocate for disabled peoples’ rights, is an important step toward the full integration of all members of society into meaningful work
British company to continue connecting villages which never had any connectivity
Agreement with Synopsys to train 1,000 young people in field of electronic circuit design
Two companies sign cooperation protocol witnessed by ICT minister
Large number of companies expressed their interest in tender
Company could consider selling their stake if it reaches “critical mass”
Number of modem devices remained stable at 3.48m, number of landline users increased by 1.5%
The three mobile operators—Vodafone, Orange, and Etisalat—lost many clients in May, as mobile users fell to 96.4 million from 97.6 million, a loss of over 1.1 million users. Vodafone was the company to lose the least amount of its clients in May, with only 104,300 users lost. The company’s clients dropped from 42.1 million in …
Vodafone Egypt started testing landline services in cooperation with Telecom Egypt (TE), according to Ayman Essam, head of Vodafone Egypt’s foreign and legal affairs department. Essam told Daily News Egypt that the company has not made a decision about the introduction of landline services, but is still studying it, given that landline services are not …
The four mobile operators—Vodafone, Orange, Etisalat, and We—have all started offering 4G services starting in October. Noteworthy, the number of subscribers of mobile services in Egypt is estimated at 99.1 million. Since 4G services were launched in Egypt, companies have raced to provide the best 4G services, but which company is truly the best in …
The mobile market has seen a decline in the number of mobile subscribers in March, as the market lost about 1.2 million users in that month, taking the total number of subscribers from 100.2 million in February to 99.1 million in March 2018. Despite the decline, Vodafone managed to attract 227,800 new customers, making it …
Uber campaign with Salah will be among most watched by end of season, E3langi says
Companies have rolled out their advertising campaigns for the month of Ramadan, which often sees strong competition among telecommunications companies. Orange and Vodafone both initiated their campaigns on the first day of Ramadan, while Etisalat started one day behind. Daily News Egypt explores data on the most viewed ads in the first four days of …
Celebrities dominate ads’ arena, donation campaigns reformat heartfelt themes
Company reported 48% year-over-year drop in consolidated profits for Q1
Mobile market adds 56,000 new subscribers in January 2018
Vodafone Egypt topped the list of telecommunications companies with the fastest growing revenues in 2017. According to sources in the communications sector, the Vodafone Egypt’s revenue growth reached 19%, while Etisalat came second with 18%, followed by Orange with 6%. Vodafone Egypt topped the list of most profitable telecom companies, with a profit growth rate …
The number of mobile subscribers in the Egyptian market increased in October, as the sector added about 421,900 new subscribers. According to the Ministry of Communications and Information Technology’s indicators, the number of mobile service subscribers increased from 99.3 million in September to 99.8 million subscribers in October 2017. Vodafone-Egypt was one of the biggest …
Is Vodafone’s Abla Fahita different than Duplex’s Abla Fahita? asks Essam
Company is only loser if it stops advertising campaigns, says Sarhan