All Vodafone Egypt articles – Page 3
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Partnerships & Alliances
Telecom Egypt to hold Vodafone to “strict” dividend deal
Executives of Vodafone’s Egyptian partner suggest new deal gives watertight dividend flow from their joint mobile business. Agreement creates path for Vodafone to do an internal switch of its Egyptian OpCo, following failed Saudi Telecom deal.
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M&A
Vantage back in shop window as Vodafone builds revival
M&A remains a lever to help Vodafone revive growth, says CEO Read. New Chairman van Boxmeer lighting a fire under Group strategy and ambition. Another chunk of Vantage could be sold off to “like-minded” partner. Hint made of some UK deal-making in pipeline. Egyptian and Spanish assets remain in ...
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Rejigged tie-up could find Vodafone Egypt a home
Vodafone secures route to in-Group transfer of Egypt stake in quid pro quo deal with local partner. Kenya-esque Vodacom hand-off of Egyptian interest one possibility.
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Strategy & Change
Elsewhere in Vodafone Associates and JVs: Vi and Vantage on 5G
Vi and Vantage Towers Greece get involved in 5G trials.
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Operations
Vodafone banks on the Nile for flow of efficiencies
Group Annual Report sheds light on shared services transformation under the _VOIS division. Egypt emerges as the Group’s largest territory by headcount. CFO Della Valle points to _VOIS “role efficiencies” as it de-siloes, standardises, and harmonises operations.
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Vodafone Q4 FY20–21 spend: a rare loosening of the purse strings
Leadership keen to assure that RoI will dictate where capex flow is directed. Lack of opex focus suggests digital efficiencies programmes could be in for a reboot.
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M&A
Vodafone readies cheque for Egyptian fintech players
Vodafone Egypt signs MoU for minority stakes in digital payment players Bee and Masary. New Vodafone Egypt CEO Abdallah seeks to paint deal as part of “promising” strategic investment plan, following Group’s failed exit.
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Elsewhere in Associates & JVs: Mitie takes Cornerstone contract
Consumer loan service in Egypt set for green light; Vi wants 2G open RAN; India continues to drag out tax dispute.
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M&A
Vodafone abandons Egypt exit talks
Long-awaited deal falls through, with STC apparently failing to reach an agreement with minority-owner Telecom Egypt. Vodafone Group CEO Nick Read remains philosophical after trekking to Egypt for talks with the President.
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Vodafone people moves: Vi leadership restructured; new Safaricom CFO installed
Vodafone builds open RAN influence with O-RAN Alliance oversight spot. Takkar handed another three years to lead Vodafone’s troubled Indian JV Vi. Safaricom Board rejigged following exec changes at Kenyan operator and parent Vodacom.
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Strategy & Change
Elsewhere in Vodafone's Associates and JVs: TPG 5G plans take shape
VodafoneZiggo flags Gigabit cable upgrades; 5G spectrum auction nearing in Australia.
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Elsewhere in Vodafone’s Associates & JVs: Telenet-VodafoneZiggo merger raises concerns
New Greek towers JV cleared; VodafoneZiggo future remains in spotlight.
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Vodafone people moves: Petty on diversification board; new CFO in Ireland
Sir Ian Livingston drafts Scott Petty alongside fellow telco leaders for infrastructure policy changes. Sales changes in Spain. Evin named CFO in Ireland, while two former Group CFOs take new posts elsewhere.
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Elsewhere in Africa: Vodacom ties with Cloudflare and Appsflyer
AppsFlyer and Cloudflare gain foothold within Vodacom ecosystem.
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Strategy & Change
Elsewhere in Vodafone's Associates & JVs: Vi confirms Indus Tower merger is back on
Dutch cable switchover resumes; Subex gains a role in Vi’s IT consolidation.
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M&A
Vodafone Egypt sale reaches impasse; adverse event or powerplay?
Vodafone and stc ‘keep the dialogue open’ as MoU expires. Telecom Egypt denies it has a role in enabling deal, but Vodafone’s dysfunctional local partnership appears to be complicating matters again.
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M&A
Vodafone Egypt sale hit by further delay
stc seeks two more months, with due-diligence and funding in the frame. Telecom Egypt remains thornily enigmatic.
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M&A
Vodafone Egypt sale inches forward
STC reportedly completes its due diligence. Potential deal still muddied by questions over 45% stake held by Telecom Egypt.
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Vodafone Q4 FY19–20 management update: staying the course, post-coronavirus
Read infers Group is better placed, post-Colao for economic downturn. Della Valle confirms new, AT Kearney-inspired €1bn cost-cutting plan, after trailering move in late-2019. No disruption to Read’s M&A overhaul, beyond Egypt. Targets hit but glitchy performance, both at OpCos and Vodafone Business.
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Vodafone jumps aboard 2Africa subsea cable project
Facebook features among consortium pals. Sign Vodafone Carrier Services has not been forgotten. Continent’s existing long-distance networks, including those co-owned by Group, seen as inadequate.
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