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

SAUDI TELECOM COMPANY

(7010)
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Vodafone stake sale needs Egyptian regulatory approval

01/30/2020 | 05:52am EST
FILE PHOTO: A traffic jam is seen next to a Vodafone mobile phone advertisement featuring Liverpool's Egyptian forward Mohamed Salah in Cairo

Egypt's telecoms regulator will have to approve a sale by Vodafone of its 55% stake in its local operations to Saudi Telecom Co (STC), it said on Thursday.

Both firms on Wednesday announced a non-binding deal proposal, valuing Vodafone Egypt at $4.4 billion.

Once finalised, the regulator would have to approve it, the body said in a statement.

With 44 million subscribers and a 40% market share, Vodafone Egypt is the country's biggest mobile operator. The remaining 45% stake is held by majority state-owned Telecom Egypt.

(Reporting by Ehab Farouk and Ulf Laessing; editing by David Evans)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -2.95% 22.73 End-of-day quote.47.02%
CARDINAL HEALTH, INC. 0.09% 55.44 End-of-day quote.3.51%
CARDLYTICS, INC. -5.07% 115.44 End-of-day quote.-19.14%
NEXT PLC 1.02% 8100 End-of-day quote.13.15%
SAUDI TELECOM COMPANY 0.18% 110.4 End-of-day quote.4.15%
TELECOM EGYPT COMPANY S.A.E. -0.51% 11.79 End-of-day quote.-1.17%
VODAFONE GROUP PLC -0.66% 126.38 End-of-day quote.5.19%
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Financials
Sales 2020 57 660 M 15 372 M 15 372 M
Net income 2020 10 998 M 2 932 M 2 932 M
Net Debt 2020 5 618 M 1 498 M 1 498 M
P/E ratio 2020 20,0x
Yield 2020 3,62%
Capitalization 232 B 61 898 M 61 900 M
EV / Sales 2020 4,12x
EV / Sales 2021 3,97x
Nbr of Employees -
Free-Float 29,9%
Chart SAUDI TELECOM COMPANY
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Saudi Telecom Company Technical Analysis Chart | MarketScreener
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Technical analysis trends SAUDI TELECOM COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 102,41 SAR
Last Close Price 110,40 SAR
Spread / Highest target 15,0%
Spread / Average Target -7,23%
Spread / Lowest Target -19,4%
EPS Revisions
Managers and Directors
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
Sector and Competitors