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    ICT Minister Witnesses Signing Deal on Vodafone Acquisition of VIS

    Cairo, 6 November 2019

    The Minister of Communications and Information Technology Amr Talaat has witnessed the signing of a deal on Vodafone’s acquisition of Egypt’s Vodafone International Services (VIS), a subsidiary of Vodafone Egypt, with EGP one billion investments.

    The deal comes within the framework of Vodafone’s plan to boost its direct investments in Egypt in outsourcing services.

    Vodafone Egypt CEO Alexandre Froment-Curtil, and Vodafone international CEO Vivek Badrinath signed the deal in the presence of the Group Director of Vodafone Shared Services (VSS) Gary Adey, the Head of VSS Egypt Amani Rabei, the External Affairs and Legal Director of Vodafone Egypt Ayman Essam, and a number of officials from the Ministry of Communications and Information Technology (MCIT).

    The ICT Minister underlined that Vodafone is a key partner in developing the Egyptian ICT sector, and expanding its investments in Egypt is a compelling evidence of the State’s successful efforts to create an enabling environment to attract global investments. It also reflects the international companies’ trust in the Egyptian youth’s capabilities in providing outsourcing services.

    Talaat added that MCIT is keen on supporting the growth of the company’s business in providing distinct telecommunication services for citizens, and creating new jobs for Egyptian youth.

    On his part, Badrinath stated that Vodafone’s decision to acquire VIS reflects the international company’s trust in Egypt’s economy and investment environment, the successful economic reform steps, and MCIT vision. He added that Vodafone is keen on enhancing cooperation to boost investment in this field, and that the acquisition is a compelling proof of trust and of the stability of the Egyptian economy.

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