Vodafone Egypt plans to buy stakes in two digital payment firms within 3 months

Vodafone Egypt plans to complete the acquisition of 20% stakes in two digital payment companies, Bee and Masary, within a maximum of three months, an official at the company said on Wednesday.

The company has signed a memorandum of understanding (MoU) with Ebtikar, which owns the two firms, to buy the stakes, it said in a statement on Tuesday.

Ebtikar is a subsidiary of Egypt’s MM Group.