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title: Qatari wealth fund angling for Vodafone Egypt stake - Developing Telecoms
description: The Qatar Investment Authority is reportedly in advanced negotiations with the Egyptian government to acquire around US$2.5bn of state holdings in various firms, including market-leading mobile operator Vodafone Egypt.
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 [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html)## Qatari wealth fund angling for Vodafone Egypt stake

 

 

   Details    James Barton    Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html)     20 October 2022     8857 views   

 

  ![Qatari wealth fund angling for Vodafone Egypt stake](https://developingtelecoms.com/images/stories/Places/800x600/Cairo_Tower_view_600.jpg)  

 

The Qatar Investment Authority is reportedly in advanced negotiations with the Egyptian government to acquire around US$2.5bn of state holdings in various firms, including market-leading mobile operator Vodafone Egypt.

Daily News Egypt reports that the proposal is likely to be finalised by the end of 2022, and will see QIA acquire a 20% stake in Vodafone Egypt. Bloomberg notes that the QIA is Qatar’s sovereign wealth fund, overseeing assets worth around US$445bn.

The Egyptian government holds a 45% stake in Vodafone Egypt via state provider Telecom Egypt, which obtained the holding in 2017. In a stock exchange filing yesterday (19th October), Telecom Egypt indicated that it had not received an official offer for the purchase of any shares in Vodafone Egypt.

UK-based Vodafone Group holds the remaining 55% stake in Vodafone Egypt, although it is currently attempting to sell the holding to its South African subsidiary Vodacom Group for $2.7bn. The deal requires approval from Egypt’s National Telecommunications Regulatory Authority – which was reportedly granted last month – as well as the Financial Supervision Department of the Reserve Bank of South Africa.

 

 

   
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