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Egypt: Vodafone denies Mubarak’s have stake

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Vodafone Egypt denied reports on Tuesday, saying that no member of the Mubarak family owns any part of the company.

According to an official spokesperson of Vodafone, Vodafone Egypt’s current shareholders structure constitutes of Vodafone Group with 54.93 percent (Vodafone Europe B.V. 34.82 percent and Vodafone International Holdings B.V. 20.11 percent), Telecom Egypt 44.95 percent and a minority free float of 0.12 percent.

As per the company, the source confirms that Vodafone Egypt operates with complete transparency towards its valued customers, its reputable employees, its esteemed shareholders and towards the Egyptian community at large.

Vodafone recently criticized the Egyptian government for using its network to sent text messages slamming the anti-government protesters on Egypt’s streets calling for change.

The messages were not written by the mobile-phone operator, it said.

“The Armed Forces urge Egypt’s loyal men to confront the traitors and the criminals and to protect our families, our honor and our precious Egypt,” said a text message sent on Vodafone’s network on February 1.

Mobile phone voice services at units of Vodafone and Mobinil were restored Jan. 29, after one day of being cut off, however, SMS was still halted in Egypt for the 8th day in a row.

By Staff

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