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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Telecom Company    7010   SA0007879543

SAUDI TELECOM COMPANY

(7010)
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Saudi Telecom : says no deal reached on Vodafone Egypt stake

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09/13/2020 | 02:03am EDT

DUBAI, Sept 13 (Reuters) - Saudi Arabia's largest telecoms operator Saudi Telecom Co (STC) on Sunday said no agreement has been reached to buy a 55% stake in Vodafone Egypt , and that the parties have agreed to keep dialogue open.

In January, STC signed a non-binding agreement to buy the stake for $2.4 billion, extending the offer in April and again in July.

STC ended the second extension "without reaching an agreement to conclude the transaction due to misalignment with relevant parties," it said in a stock exchange filing. (Reporting by Yousef Saba; Editing by Christopher Cushing)


Stocks mentioned in the article
ChangeLast1st jan.
SAUDI TELECOM COMPANY -0.96% 103.4 End-of-day quote.1.57%
VODAFONE GROUP PLC -0.58% 109.64 Delayed Quote.-24.79%
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Financials
Sales 2020 56 469 M 15 056 M 15 056 M
Net income 2020 11 225 M 2 993 M 2 993 M
Net Debt 2020 4 383 M 1 169 M 1 169 M
P/E ratio 2020 18,5x
Yield 2020 3,87%
Capitalization 209 B 55 674 M 55 673 M
EV / Sales 2020 3,78x
EV / Sales 2021 3,64x
Nbr of Employees -
Free-Float 30,0%
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Technical analysis trends SAUDI TELECOM COMPANY
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 13
Average target price 98,41 SAR
Last Close Price 103,40 SAR
Spread / Highest target 4,45%
Spread / Average Target -4,83%
Spread / Lowest Target -13,9%
EPS Revisions
Managers
NameTitle
Nasser Sulaiman A. Al-Nasser Group Chief Executive Officer
Mohammed Khaled Al-Abdullah Al-Faisal Chairman
Haithem Mohammed Al-Faraj Senior VP-Technology & Operations
Ameen Fahad ben Abdulaziz Al-Shiddi Chief Financial Officer
Ibraheem Abdul Rahman Hamd Al-Qadi Independent Director
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