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Saudi Telecom may reduce its $2.39bn bid for controlling stake of Vodafone Egypt

2020-09-08 02:00:00| Total Telecom industry news

Anonymous sources have reportedly revealed to Bloomberg that STC is looking to reduce its initial bid for a 55% stake in Vodafone Egypt, which was originally set at $2.39 billion.   STC and Vodafone Egypt first signed the MoU back in January…read more on TotalTele.com »

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Egypt, Greece Sign Agreement on Exclusive Economic Zone

2020-08-07 15:16:08| OGI

In Greece, diplomats said the deal effectively nullified an accord between Turkey and the internationally recognized government of Libya.

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Eni, BP, Total Hit Gas at Bashrush Prospect Off Egypt

2020-07-28 15:31:51| OGI

The companies are screening development options and intend to fast-track production.

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Saudi Telecom extends Vodafone Egypt stake purchase until September

2020-07-13 09:26:00| Telecompaper Headlines

(Telecompaper) Saudi Telecom Company (STC) said it would need another two months to complete the purchase of Vodafone Group's 55 percent stake in Vodafone Egypt. STC said in a bourse statement that logistics challenges caused by the Covid-19 pandemic meant both parties need more time to complete the required procedures, including due diligence. Any material development with respect to the transaction would be announced to the bourse in due course. 

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TechnipFMC Inks Major Contract for Hydrocracking Complex in Egypt

2020-07-08 15:51:43| OGI

TechnipFMC has signed a major engineering, procurement, and construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new hydrocracking complex for the Assiut refinery in Egypt.

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