By Sabela Ojea

Vodafone Group PLC said Monday that discussions regarding the sale of 55% of its shareholding in Vodafone Egypt with Saudi Telecom Co. have been terminated.

"We believe that the Egyptian government is committed to an optimal framework for the telecoms sector, which will enable Vodafone Egypt to deliver on the country's vision of digitization and financial inclusion and create a technology hub to support our growth in the African region," the U.K. telecommunications company said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

December 21, 2020 02:35 ET (07:35 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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