Interest in Vodafone Egypt
Vodafone Group Plc
04 December 2006
4 December 2006
TELECOM EGYPT TENDERS 10.35 MILLION VODAFONE EGYPT
SHARES TO VODAFONE FOR LE 100 PER SHARE
Cairo, 4 December 2006: As part of the strategic partnership signed on 8
November 2006 with Vodafone, Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announced
that it has tendered 10.35 million shares, equivalent to 4.31% of Vodafone
Egypt, at LE 100 per share to Vodafone.
At completion of the tender offer, Telecom Egypt's shareholding in Vodafone
Egypt will represent 44.66%, and Vodafone's interest (including the shares
tendered by other shareholders) will rise to 54.9%. There remains a free float
of 0.44%.
Vodafone launched its tender offer through its Netherlands-based subsidiary
Vodafone Europe B.V.
- ends -
For further information:
VODAFONE GROUP
Investor Relations Media Relations
Tel: +44 (0) 1635 664447 Tel: +44 (0) 1635 664444
TELECOM EGYPT
Tarek Tantawy, CFA Eman Anis
Director of Investment, Investor Relations Manager
Treasury & Investor Relations
Telephone: +202 5788111 Telephone: +202 5788787
Fax: +202 5789314 Fax: +202 5789314
E-mail: investor.relations@telecomegypt.com.eg
Notes to Editors:
About Vodafone
Vodafone is the world's leading international mobile telecommunications group
with equity interests in 26 countries across 5 continents with over 191 million
proportionate customers worldwide as at 30 September 2006 as well as 34 partner
networks. For further information, please visit www.vodafone.com
About Telecom Egypt
Telecom Egypt (TE), Egypt's incumbent telecommunications operator, started its
operations in 1854 with the first telegraph line in Egypt. Then it was
corporatized in 1998 to replace the former Arab Republic of Egypt National
Telecommunication Organization (ARENTO). The Company is the largest provider of
fixed-line services in the Middle East and Africa with 10.7 million subscribers
as at the end of September 2006 representing a teledensity of 14.9 percent.
TE provides retail telecommunication services including access, local, long
distance and international voice, Internet and data, and other services. The
company also provides wholesale services including bandwidth capacity leasing to
ISPs, and national and international interconnection services. Telecom Egypt's
services also include the provision of narrowband and broadband internet access
through its subsidiary TE Data. TE Data has current operations in Egypt and
Jordan.
TE currently participates in the mobile segment in Egypt by providing mobile
interconnectivity and though it's holding in Vodafone Egypt, one of the two
Egyptian mobile operators.
TE's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Cairo and
Alexandria Stock Exchanges and the London Stock Exchange.
About Vodafone Egypt
Vodafone Egypt is one of two current Egyptian mobile operators. The company
announced its results for the quarter to 30 September 2006, on 8 November 2006.
For more information see the Vodafone Egypt Investor Relations section at
www.vodafone.com.eg
This information is provided by RNS
The company news service from the London Stock Exchange
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