Linklaters and Freshfields work to complete the sale of Vodafone Egypt to Saudi Arabian STC

The Covid-19 pandemic has seen negotiations extended by 90 days. At the beginning of January, a preliminary agreement set the value of the deal at $2.4bn.

17/04/2020 at 15h45, by Africa Business+

According to Jeune Afrique Business+ sources, the London and Riyadh teams of law firm Linklaters  are in the process of attempting to sell their client Vodafone Group’s 55% share in its Egyptian subsidiary to public operator Saudi Telecom Company (STC).

Recommended articles

Telecoms

08/09/2022 at 20h03, by Africa Business+

Ethiopia : STE sets sights on a 160-million $ cheque at the start of its funding round

The operator appointed to rival Ethio Telecom seeks financial backers to tackle the colossal East-African...

Telecoms

29/11/2021 at 18h01, by Africa Business+

Vodacom’s Shameel Joosub to capitalise on Vodafone Egypt’s financial services

Vodafone Egypt, put up for sale in January 2020, was bought by Vodacom in mid-November. The pan-African...

Telecoms

26/03/2021 at 18h29, by Africa Business+

M-Pesa GM Sitoyo Lopokoiyit says the company is not for sale despite capital restructuring

The fintech mobile phone platform wants to enrich its offerings and has no plans to set up in French-speaking...

Advisory

10/07/2020 at 17h11, by Aurelie Benoit

Linklaters strengthens its arbitration practice and promotes Roland Ziadé to Global Co-Head

The lawyer, who last year ranked eleventh in a list of the most influential corporate lawyers published...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com