Vodafone plans to recruit 1,000 people as part of its shared services business in Egypt © REUTERS/Amr Abdallah Dalsh/AdobeStock

Vodafone plans to recruit 1,000 people as part of its shared services business in Egypt © REUTERS/Amr Abdallah Dalsh/AdobeStock

Vodafone to sell stake in Egypt business for $2.4bn

posted by Charlie Hart

4 February 2020

Vodafone has struck a deal to sell 55% of its shares in its Egyptian business to Saudi Telecom Company (STC).

The firms signed a memorandum of understanding, which agreed the basis for a long-term partner market agreement.

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