The Qataris are close to acquiring up to 30% of Vodafone Egypt -Al Mal
Acquisition talks stalled earlier this year due to disagreements over the size of the stake on offer
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Acquisition talks stalled earlier this year due to disagreements over the size of the stake on offer
Operating costs have jumped 60-70% over the past few months
The sale was more than 3x oversubscribed
Telecom Egypt could soon offload its 45% stake in Vodafone Egypt
The government raised USD 129 mn in the sale, according to reports
The 45k-km cable will Africa, Europe and Asia and is being worked on a consortium of global companies
The government will be selling shares at a 3.8% discount from current share price
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
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