UPDATE 1-Vodacom to buy 55% stake in Vodafone Egypt for $2.74 bln - NewsBreak

CAIRO, Nov 10 (Reuters) - South Africa's Vodacom Group Ltd said on Wednesday it would buy a 55% stake in the Egyptian arm of Vodafone Group Plc for $2.74 billion. Telecom Egypt, which holds 44.94% of Vodafone's Egyptian arm, said on Wednesday it had received notice from the company's management of an offer to transfer the majority stake to Vodacom.