Deals

Vodafone in Talks to Sell Egypt Unit to Saudi Telecom

Inside A Vodafone Group Plc Store As Service Revenue Beats Estimates — Photographer: Chris Ratcliffe/Bloomberg

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By Tarek El-Tablawy, Abdel Latif Wahba, and Matthew Martin

January 28, 2020 at 7:26 AM EST

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Vodafone Group Plc is in talks to sell its majority stake in its Egyptian unit to Saudi Telecom Co., a senior government official said, in a deal that could see the Saudi firm claiming a prize it had eyed years ago.

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