Vodafone (VOD.L) has held informal talks with Telecom Egypt (ETEL.CA) about selling its 55 per cent stake in Vodafone Egypt (VODE.CA), the country's second-largest mobile company, sources familiar with the matter said Friday. Telecom Egypt, Egypt's monopoly fixed-line phone operator, has made an approach, though no banks have been appointed and a deal is not imminent, the sources said. Telecom Egypt, which owns the remaining 45 per cent of Vodafone Egypt, and Vodafone declined to comment. Shares in Vodafone recovered on the news, first reported by the Financial Times, after three days of declines, gaining 1.7 per cent.
