TE denies sale of Vodafone stake

Egypt: Telecom Egypt (TE) has denied reports that the company had obtained its mobile licence through selling its Vodafone Egypt shares, Daily News Egypt has reported. “Telecom Egypt did not receive any legal notice regarding this subject and there are no legal obligations that forces te to sell its shares … to get this licence,” the firm said. The telecoms company owns 45% of Vodafone Egypt. [AMEInfo.com]

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