Brief: Telecom Egypt Will Not Proceed with Proposed RDH Transaction with Helios Investments

Telecom Egypt SAE

16/07/2026 07:35

July 16 (Reuters) - TELECOM EGYPT CO SAE ETEL.CA:
TELECOM EGYPT- NOT TO PROCEED WITH TRANSACTION WITH HELIOS INVESTMENTS FOR 75% TO 80% STAKE IN A SUBSIDIARY THAT WOULD OWN REGIONAL DATA CENTER HUB
TELECOM EGYPT- NOT TO PROCEED WITH DEAL DUE TO NON-SATISFACTION OF CERTAIN TERMS, INCLUDING CONDITIONS RELATED TO THIRD PARTIES
TELECOM EGYPT - DECISION WILL NOT HAVE ANY FINANCIAL OR OPERATIONAL IMPACT ON TELECOM EGYPT, AND DOES NOT AFFECT RIGHTS OF ANY EXISTING PARTIES
CO AFFIRMS CONTINUED IMPLEMENTATION OF ITS STRATOGIC PLAN TO CARVE OUT ASSETS AND OPERATIONS OF ITS DATA CENTER SERVICES INTO A WHOLLY OWNED (100%) SUBSIDIARY, AS PART OF ESTABLISHING A SPECIALIZED ENTITY FULLY FOCUSED ON THIS ACTIVITY
Further company coverage: ETEL.CA

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