Telecom Egypt Company (CASE:ETEL) has denied receiving any official offers to sell stake in Vodafone Egypt Telecommunications S.A.E., as per a statement by the company on May 19th. Earlier on May 19th, it was reported that Telecom Egypt retracted from selling its stake in Vodafone Egypt, as it anticipates garnering profits of up to EGP 3 billion from this stake in 2024.