Cairo Exchange Falls 2.3% as Telecom Egypt Signs Vodafone Deal, Secures 5G License

The EGX 30 index dropped 2.3% to close at 46,414.8 points. Telecom Egypt signed a modified shareholders' agreement with Vodafone Group, Africa Business Communities reported. The company also secured Egypt's first 5G license. The Financial Regulatory Authority approved licenses for CI Capital, Mubasher Trade and EFG Hermes, according to waya.media.