Vodafone Egypt (VFE) and Egyptian government begin negotiations on the fate of Telecom Egypt’s 45% stake in VFE
Vodafone Egypt and the Egyptian government have begun negotiations over the legal status of Telecom Egypt’s (TE) [ETEl.CA] 45% stake in VFE, according to an unnamed source at VFE. However, sources at TE have stated that there is no breach of any anti-competitive rules, and TE is not required to dispose of the said stake. (Al Alam Al Youm) Telecom Egypt: EGP8.48 as of 26 October 2016, Rating: Neutral, FV: EGP10.25 per share, MCap: USD1,630mn, ETEL EY / ETEL.CA
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