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Vodafone Ends Talks to Sell Egyptian Stake to Saudi Telecom Bloomberg 12/21/2020 Shaji Mathew and Thomas Seal © Bloomberg A logo sits on display at the Vodacom World mall, operated by Vodacom Group Ltd., in the Midrand district of Johannesburg, South Africa, on Thursday, Feb. 2, 2017. Vodacom, which is 65 percent owned by Newbury, England-based Vodafone and the South African market leader by subscriber numbers, is expanding its internet offering to offset falling voice revenue. (Bloomberg) Vodafone Group Plc ended talks to sell its Egyptian business to Saudi Telecom Co., a deal that would have been valued at as much as $2.4 billion. Vodafone didn’t provide a reason for abandoning the discussions to sell its 55% shareholding in Vodafone Egypt in a statement published Monday. The remaining shares in Vodafone Egypt are held by state-controlled Telecom Egypt.

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