Vodafone Egypt
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Telecom services are slowly being restored to the Gaza strip after the most significant internet blackout since the conflict began occurred on Friday.
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Vodacom has taken a 55% majority stake in Vodacom Egypt; the company has announced.
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Vodacom shareholders have approved a proposal to buy a controlling 55% stake in Vodafone Egypt for the equivalent of US$2.68 billion.
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Egypt’s telecoms regulator is to spend the equivalent of US$32.6 million improving services in the Sinai peninsula.
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Egypt’s telecoms regulator is doubling the level of fines that it applies to operators that offer poor service to customers.
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Mobile carriers in Egypt have acquired 10-year licenses for spectrum in the 2.6 GHz TDD band.
Forthcoming events
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Vodafone Group has entered into a Memorandum of Understanding (MoU) with Saudi Telecom Company (STC) to sell a 55% stake in its Vodafone Egypt business for $2.3 billion.
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Vodafone Egypt has become the country’s first cloud service provider to reach VMware Cloud verified status.