For Free Headlines Submit Your Email
Wednesday, July 15, 2020 1:6 GMT
The Saudi Telecom Company (STC), the Kingdom’s largest telecom company, said that it will need an additional two months to complete a deal to purchase a 55 % stake in Vodafone Egypt. In January, STC was in agreement to buy the stake for US$2.4 billion. In April, it extended the process for 90 days due to logistical challenges stemming from the spread of COVD-19. The company said in a statement that it would extend the period again to September for the same reason. The Public Investment Fund,...More