Telecom Egypt Approves Helios Investment to Acquire Majority Stake in Regional Data Hub - TechAfrica News
Summary
Telecom Egypt approved a binding offer from Helios Investments to buy a 75% to 80% stake in the subsidiary that will own the Regional Data Hub. Telecom Egypt will keep a minority stake of about 20% to 25% after the restructuring. The deal values 100% of RDH at $230 million on a debt-free, cash-free basis and could rise to $260 million if KPI targets are met. Completion still depends on final agreements, regulatory approvals, corporate approvals, and the completion of the subsidiary restructuring.
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