Friday, March 30, 2007

Vodafone Egypt buys Raya's stake in Raya Telecom

(Reuters) - The statement quoted Chairman Medhat Khalil as saying, "In the past years we've made massive investments in the telecommunications sector, but the profits were not as we expected."

Money from the sale would partly go towards expanding the company's call centre services, according to the statement.


Read more at Reuters.com Mergers News

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