Exiting Egypt

On 29 January 2020, Saudi Telecom Company (STC) and the Vodafone Group signed a Memorandum of Understanding for the sale of Vodafone's entire 55 percent stake in Vodafone Egypt to STC. With the sale, Vodafone will be exiting Egypt (as a telecom operator) as the rest of the 45 percent stake in Vodafone Egypt is owned by Telecom Egypt. Telecom Egypt has said that it has no plans to sell its stake.