Orascom Telecom will bid for Vodafone Group's 55 percent stake in Vodafone Egypt if it is put up for sale, reports Bloomberg. In an interview with Al Mal newspaper, Orascom chairman Naguib Sawiris said that Orascom would 'strongly compete' for the stake if Vodafone decides to sell. The remaining 45 percent of Vodafone Egypt is controlled by Telecom Egypt. Vodafone's 55 percent is valued by analysts at around GBP 3 billion (USD 4.36 billion).
SOURCE: Telecompaper
http://www.telecompaper.com/news/article.aspx?cid=737043
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