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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 …
New chairperson Hany Mahmoud replaces Ian Gray
Average revenues of Vodafone Egypt customers reached EGP 28.3 monthly
Increased demand for data transfer services contributed to increasing the company’s business locally
We target injecting investments worth EGP 9bn into the Egyptian market over the next three years
The company stated it achieved 9.9% profit growth over Q1 of 2015, compared to last year
Line sales increased by 23% due to services for deaf customers
Vodafone Egypt was able to increase its net profits to EGP 1.849m during 2014, compared to 2013, while its revenues were at EGP 13.5bn in 2014.
Etisalat Egypt adhered to the demands of their distributors to raise the wholesale price of their products beginning 2013