{"id":567506,"date":"2020-01-26T03:57:37","date_gmt":"2020-01-26T03:57:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/"},"modified":"2020-01-26T03:57:37","modified_gmt":"2020-01-26T03:57:37","slug":"vodafone-refuses-to-comment-on-stc-acquisition-talks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/","title":{"rendered":"Vodafone refuses to comment on STC acquisition talks"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>M&A WATCH- Vodafone won\u2019t comment on STC acquisition talks:<\/strong> A senior Vodafone official yesterday refused to comment on reports that Vodafone Group had entered into talks with Saudi Telecom Company (STC) to offload its 55% stake in Vodafone Egypt, <a href=\"https:\/\/alborsaanews.com\/2020\/01\/25\/1288763\">the local press reported<\/a>. Sources in the telecoms sector <a href=\"https:\/\/www.youm7.com\/story\/2020\/1\/25\/%D8%A3%D9%86%D8%A8%D8%A7%D8%A1-%D8%B9%D9%86-%D9%85%D9%81%D8%A7%D9%88%D8%B6%D8%A7%D8%AA-stc-%D9%85%D8%B9-%D9%81%D9%88%D8%AF%D8%A7%D9%81%D9%88%D9%86-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D9%84%D8%B4%D8%B1%D8%A7%D8%A1-%D8%AD%D8%B5%D8%AA%D9%87%D8%A7-%D9%81%D9%89\/4602426\">told Youm7<\/a> earlier in the day that Vodafone International and STC were in talks on the sale.<\/p>\n<p><strong>STC has long been interested in getting a piece of Vodafone Egypt:<\/strong> <a href=\"http:\/\/www.tradearabia.com\/news\/IT_248799.html\">Press reports<\/a> way back in 2013 alleged that the Saudi firm was eyeing up the 45% stake owned by state-owned landline monopoly Telecom Egypt.<\/p>\n<p><strong>What about the remaining stake?<\/strong> Telecom Egypt official <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/10\/telecom-egypt-has-no-plans-to-sell-vodafone-stake-this-year\/\">said last February that the company has no plans to sell its stake<\/a> in Vodafone Egypt in the medium term, despite Beltone\u2019s prediction that it could look for a buyer \u201cafter securing solid ground in the mobile market\u201d of over 7% in 2019 following the launch of subsidiary We as the fourth national mobile network operator. Vodafone Egypt <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/19\/vodafone-to-pay-telecom-egypt-egp-5-5-bn-dividends\/\">last year paid<\/a> Telecom Egypt EGP 5.5 bn in dividends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Vodafone won\u2019t comment on STC acquisition talks: A senior Vodafone official yesterday refused to comment on reports that Vodafone Group had entered into talks with Saudi Telecom Company (STC) to offload its 55% stake in Vodafone Egypt, the local press reported. Sources in the telecoms sector told Youm7 earlier in the day that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1460,214,72,7128,219,1601,2380,7096,212],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567506","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-4g","tag-cit","tag-enterpriseam","tag-ma-watch","tag-saudi-arabia","tag-saudi-telecom-company","tag-speed-round","tag-stake","tag-telecom-egypt","wpautop","entry"],"acf":{"mongo_id":"2755c86b-ecf4-4813-9eef-073e9809adc6","is_powered_by":true,"section_story_id":"8d48a42a-cae1-40c8-9834-0f083b2dcc16","story_type":"1","photo_url":"","photo_position":"above","related_issue":[567498],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vodafone refuses to comment on STC acquisition talks - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vodafone refuses to comment on STC acquisition talks\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Vodafone won\u2019t comment on STC acquisition talks: A senior Vodafone official yesterday refused to comment on reports that Vodafone Group had entered into talks with Saudi Telecom Company (STC) to offload its 55% stake in Vodafone Egypt, the local press reported. Sources in the telecoms sector told Youm7 earlier in the day that [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-26T03:57:37+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Vodafone refuses to comment on STC acquisition talks\",\"datePublished\":\"2020-01-26T03:57:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"4G\",\"CIT\",\"EnterpriseAM\",\"M&amp;A Watch\",\"Saudi Arabia\",\"Saudi Telecom Company\",\"SPEED ROUND\",\"stake\",\"Telecom Egypt\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/vodafone-refuses-to-comment-on-stc-acquisition-talks\/\",\"name\":\"Vodafone refuses to comment on STC acquisition talks - 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This doesn\u2019t mean that the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574549,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/14\/stc-vodafone-group-vow-to-continue-acquisition-talks-after-deadline-expires-without-agreement\/","url_meta":{"origin":567506,"position":1},"title":"STC, Vodafone Group vow to continue acquisition talks after deadline expires without agreement","author":"enterpriseam admin","date":"14 September 2020","format":false,"excerpt":"M&A WATCH- STC, Vodafone Group vow to continue acquisition talks after deadline expires without agreement: Saudi Telecom Company (STC) has failed to reach an agreement with Vodafone Group to acquire its 55% stake in Vodafone Egypt after the deadline set by an MoU signed in January expired yesterday, STC said\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574464,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/10\/stc-to-extend-vodafone-egypt-acquisition-talks-and-make-final-offer-this-month-sources\/","url_meta":{"origin":567506,"position":2},"title":"STC to extend Vodafone Egypt acquisition talks and make final offer this month -sources","author":"enterpriseam admin","date":"10 September 2020","format":false,"excerpt":"STC to extend Vodafone Egypt acquisition talks and make final offer this month? Saudi Telecom (STC) will reportedly make its final non-binding offer for a 55% stake in Vodafone Egypt by the end of September, the local press reports, citing unnamed sources allegedly familiar with the talks. Under the original\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/126.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574379,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/stc-looks-to-reduce-usd-2-4-bn-offer-for-vodafone-egypt\/","url_meta":{"origin":567506,"position":3},"title":"STC looks to reduce USD 2.4 bn offer for Vodafone Egypt","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"M&A WATCH- Is STC about to make a new, lower offer for Vodafone Egypt? Saudi Telecom (STC) is in talks with Vodafone to lower its non-binding USD 2.39 bn offer for a 55% stake in Vodafone Egypt, Bloomberg reports, citing unnamed sources familiar with the matter. It remains unclear how\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/98.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567553,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/telecom-egypt-not-selling-vodafone-egypt-stake\/","url_meta":{"origin":567506,"position":4},"title":"Telecom Egypt not selling Vodafone Egypt stake","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"M&A WATCH- Telecom Egypt not exiting Vodafone Egypt: State-owned Telecom Egypt has no plans to sell its 45% stake in Vodafone Egypt, the company said yesterday (pdf), a day after press reports claimed that Saudi Telecom (STC) was in talks to acquire Vodafone International\u2019s 55% stake in the company. Sources\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557565,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/is-vodafone-egypt-back-in-play\/","url_meta":{"origin":567506,"position":5},"title":"Is Vodafone Egypt back in play?","author":"enterpriseam admin","date":"23 September 2021","format":false,"excerpt":"Is Saudi\u2019s STC making another run at Vodafone Egypt? Saudi Telecom (STC) may be resurrecting its bid to acquire a majority stake in Vodafone Egypt, nine months after talksbroke down with its parent company. Banking sources tell CNBC Arabia that the Saudi company is looking to secure a USD 1.1\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=567506"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567506\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567498"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567506"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567506"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}