Telecom Egypt SAE (ETEL.CI) has approached Vodafone Group PLC (VOD) about buying out the U.K. company's controlling stake in Vodafone Egypt Telecommunications Co. (VODE-CI), sources familiar with the situation said Friday.

Vodafone Group has a 55% stake in Vodafone Egypt, and Telecom Egypt has a 45% stake.

Telecom Egypt made an "informal approach" to Vodafone, said a person familiar with the situation and no other parties are involved.

-By Molly Neal, Dow Jones Newswires; 44 (0) 207 842 9358; molly.neal@dowjones.com