According to media reports this week, the Qatar Investment Authority (QIA), the Gulf state's premier sovereign wealth fund, is seeking permission from Egypt's National Telecom Regulatory Authority to purchase up to 45% strategic stake in Vodafone Egypt, a subsidiary of the Vodafone Group Public Limited Company (LSE:VOD), owned by majority state-owned Telecom Egypt Company (CASE:ETEL), the fully integrated national telecom operator. Telecom Egypt's share in Vodafone Egypt has previously been estimated to be worth $2.5 billion. A previous deal with Saudi Arabia's Public Investment Fund fell through in 2020.
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
76.34 GBX | -0.21% | +2.81% | +11.09% |
01:30pm | Vodafone CFO Luka Mucic buys GBP388,000 in shares | AN |
03/06 | UK Regulator Terminates Inquiry Extension in Vodafone-CK Hutchison JV Probe | MT |
Stocks mentioned in the article
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Change
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5d. change
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Capi.
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76.34 GBX | -0.21% | +2.81% | 26.36B | ||
30.77 EGP | +0.52% | -4.41% | 1.11B | ||
EPS Revisions
1st Jan change | Capi. | |
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+11.09% | 26.36B | |
+7.95% | 203B | |
+7.33% | 129B | |
+43.06% | 85.41B | |
-2.50% | 58.1B | |
+33.27% | 25.47B | |
+7.29% | 16.66B | |
-6.45% | 16.47B | |
-9.18% | 10.06B | |
+8.01% | 9.96B |
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- Qatar Investment Authority Reportedly Seeks to Purchase Up to 45% Strategic Stake in Vodafone Egypt