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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vodafone Group Plc | LSE:VOD | London | Ordinary Share | GB00BH4HKS39 | ORD USD0.20 20/21 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.62 | 0.91% | 68.44 | 68.40 | 68.44 | 68.74 | 67.82 | 67.96 | 88,262,864 | 16:29:56 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 45.71B | 11.84B | 0.4372 | 1.57 | 18.53B |
From May 2019 to May 2024
By Adria Calatayud
Vodafone Group PLC (VOD.LN) said Wednesday that it has agreed to sell its 55% stake in its Egypt unit to Saudi Telecom Co. (7010.SA) for $2.39 billion.
Both parties have signed a memorandum of understanding for the sale of Vodafone's shareholding, the U.K. telecommunications group said.
The parties have also reached an agreement on the basis for a long-term partnership which will include use of the Vodafone brand, preferential roaming arrangements, access to Vodafone's central procurement function, and a range of other services, the U.K. company said.
Vodafone said it will continue to have a significant presence in Egypt through its shared-services centers.
Bloomberg first reported that Vodafone and Saudi Telecom were in talks over the deal.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
January 29, 2020 02:14 ET (07:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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