Telecom Egypt Said to Narrow Adviser Shortlist for Sale
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Lazard Ltd. and EFG-Hermes Holding SAE are competing with JPMorgan Chase & Co. to advise Telecom Egypt on the planned sale of its 45 percent stake in Vodafone Group Plc’s local unit, people with knowledge of the matter said.
The monopoly fixed-line phone company, majority-owned by the government, may soon take a decision on which of the two parties to hire, the people said, asking not to be identified as the information is private. The adviser will also help review the company’s other investments, according to the people.