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Saudi Telecom ‘STC’ reaches a deal with Vodafone Group to acquire its stake in Vodafone Egypt

Ahmed Maher by Ahmed Maher
January 29, 2020
in News
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Saudi Telecom 'STC' reaches a deal with Vodafone Group to acquire its stake in Vodafone Egypt
350
VIEWS

Saudi Telecom Company (STC) has reached a deal with Vodafone Group to acquire its stake in Vodafone Egypt. Vodafone has informed the local authorities in Egypt and the deal is expected to be announced in a press conference today.

Vodafone Group owns 55% of Vodafone Egypt while Telecom Egypt owns 45%.

STC operates in Saudi Arabia, Malaysia, Indonesia, Turkey, South Africa, Bahrain, and Kuwait.

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Ahmed Maher

Ahmed Maher

Ahmed Maher is a marketing and growth leader with a proven track record across telecom, fintech, publishing, charity, government, e-commerce, and sports. He launched Vodafone Egypt’s digital and social media presence in 2008, setting new standards for brand engagement and performance marketing in the region. As the founder of Digital Boom, Ahmed has helped shape the voice of digital media in the Arab world. He brings a rare blend of creative vision and data-driven thinking, using digital tools and storytelling to drive measurable impact and scalable growth.

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