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Telecom Egypt denies Vodafone exit rumor

Telecom Egypt denies Vodafone exit rumor

Arab Finance: Telecom Egypt (ETEL) clarified what was published concerning the company’s intention to sell its stake in Vodafone Egypt (VODE) , representing 45%.

The company denied, in a statement sent to EGX, the above-mentioned news, adding that the conditions of 4G license didn't include the TE’s stake in Vodafone.

The company asserted that it didn’t decide yet regarding its stake in Vodafone, as it studies all available options to maintain shareholders rights.

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