Financial Times

VODAFONE ENDS SALE TALKS IN EGYPT

Vodafone has dropped out of negotiations with state-owned Telecom Egypt, regarding a sale of its 55-percent share of Vodafone Egypt, reports FT. Vodafone said in a statement that the talks, which never developed into a formal offer, had ended, adding that “the parties have agreed that it is in the best interest of (Vodafone Egypt) that the current ownership structure should remain in place.”

EIRCOM SEEKS ADVICE ON LONG-TERM STRATEGY

Eircom is looking for financial advisors to help it develop a long-term strategy, writes FT. The Irish telecom group is considering issuing bonds and possibly renegotiating its debt terms with banks.