"Telecom Egypt" expected to buy offers at the beginning of 2025 to buy his towers pursuit

The “Telecom Egypt” business, the largest telecommunications operator in the country, has finished promoting the sale of 2500 communications trends for it, and it is expected to receive purchase offers during the first months of 2025, according to two well -known people who spoke to Al -Sharq, provided their names are not published. One of the two people said the company had been withdrawn from the sale earlier, despite receiving four offers due to the inadequacy of any of them, adding that it was back after the economic conditions in the country stabilized amid “expectations of the number of offers to double.” He added that the expected value of the Towers ranges between 200 million and 250 million dollars, and the company will decide on the offers as it is received in an effort to complete the sale, then re -rental during the first quarter of 2025. “Vodafone Egypt” of the British Vodafone Group, and “Orange Egypt” of the French “orange” group, and “Etisalat Egypt” attached to the UAE “Etisalat” and the Government “Telecom Egypt”, which also has a share of 45% of the stock of “vodafone Egypt”. The revenue from the ‘Vodafone Egypt’ shares the returns of the company from its share in ‘Vodafone Egypt’ during the year 2024 to approximately 2.4 billion, compared to about 2.1 billion pounds in the past year, according to the other person adding that ‘Telecom Egypt’ is to maximize all options and sell the share in a vodafone. Qatar Investment Agency has been conducting the share of “Telecom Egypt” in “Vodafone Egypt” since September 2022 to purchase the share of “Telekom Egypt”, but so far they have not reached an agreement due to a dispute over the percentage of the acquisition, as the Qatari Sovereign wants to obtain. More than 25% of the business. It is noteworthy that in March 2023 the Egyptian government instructed financial and legal advisers to investigate the sale of an additional minority interest from “Telecom Egypt” already listed in the market and to test the appetite of investors. The government owns 70% of “Telecom Egypt” with the distribution of the rest of the shares on the Egyptian stock exchange.