Vodafone International acquires Vodafone Egypt's VIS for EGP 1 bn

M&A WATCH- Vodafone International has acquired Vodafone Egypt subsidiary Vodafone for International Services (VIS) in a EGP 1 bn transaction to expand its direct investments in outsourcing services in Egypt, according to a cabinet statement. VIS International Services (VIS) is the largest offshoring and outsourcing service provider in the region. CIT Minister Amr Talaat had told us last year that he is keeping an eye on exporting skills by encouraging freelance platforms that hire Egyptians and continuing to incentivize outsourcing.