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STC seeks to slash USD 2.40 bln offer for Vodafone Egypt - report

2020-09-08 09:39:00| Telecompaper Headlines

(Telecompaper) Saudi Telecom Company (STC) is in discussions to reduce its non-binding USD 2.39 billion offer for a stake in Vodafone Egypt, Bloomberg reported, citing two people with direct knowledge of the talks. The discussions come as a deadline nears for STC to move ahead with the non-binding offer first made in January. In July, the Saudi extended the memorandum of understanding for 60 days because of the effects of the Covid-19 pandemic. 

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