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Posts Tagged ‘france telecom’

  • France Telecom buys Alcazar Capital’s stake in Orange Kenya

    January 21, 2013 • Mobile and TelecomsComments (1)

    France Telecom now has a 60 percent stake in Orange Kenya after it purchased the 11 percent shares owned by Alcazar Capital, the company said. France Telecom did not disclose the amount made in the purchase. Local reports also said that the French giant has...

  • Egypt’s Mobinil hopes for profitable 2013

    November 9, 2012 • Mobile and Telecoms, Top StoriesComments Off on Egypt’s Mobinil hopes for profitable 2013

    Egypt’s leading telecom operator Mobinil has said that it hopes to begin to be profitable again next year, following a tumultuous two years since a popular uprising ousted former President Hosni Mubarak in February 2011. The company made this...

  • Morocco’s Inwi to extend postpaid services, top-ups

    November 7, 2012 • Mobile and Telecoms, StartupsComments Off on Morocco’s Inwi to extend postpaid services, top-ups

    Moroccan telecom operator Inwi announced that it has launched a new modular service range to allow users to choose the option that suits their needs instead of having to pay for services they are not using.   The move is seen as a positive step in the...

  • Orange Kenya CEO willing to step down

    March 28, 2012 • Mobile and Telecoms, Top StoriesComments Off on Orange Kenya CEO willing to step down

    Orange Kenya CEO Mickael Ghossein said he would step down at the Kenyan Treasury’s request, but said no such request had been made. Ghossein’s comments come after the government demanded more representation within the company’s management as a...

  • Orange Kenya needs $120m bailout

    March 22, 2012 • Mobile and Telecoms, Top StoriesComments Off on Orange Kenya needs $120m bailout

    Telecom operator Orange Kenya has asked the government for a KES 10 billion ($120 million) bailout, news reports revealed on Wednesday. The move comes as the company continues to incur massive debts following its 2007 buyout by France Telecom. Orange made a...

  • France Telecom sells Ugandan tower network

    March 16, 2012 • Mobile and Telecoms, Top StoriesComments Off on France Telecom sells Ugandan tower network

    France Telecom (FT) Orange Uganda, yesterday announced the sale of their wireless tower network in Uganda to Eaton Towers. FT expanded their African footprint in recent months by purchasing majority shares in Egypt’s Mobinil and other subsidiaries such as...

  • France Telecom confirms plan for 500 000 new users

    February 26, 2012 • Mobile and TelecomsComments Off on France Telecom confirms plan for 500 000 new users

    France Telecom on Friday confirmed earlier reports that the company was looking to boost its Kenya operations by adding some 500,000 new users to its network by the end of the year. The company also called on the regulator to double interconnect rates. France...

  • France Telecom confirms Mobinil stake increase

    February 14, 2012 • Mobile and Telecoms, Top StoriesComments Off on France Telecom confirms Mobinil stake increase

    France Telecom will increase its ownership of leading Egyptian telecommunications giant Mobinil, both companies announced earlier on Monday. The deal comes after several weeks of discussion with Orascom surrounding the Egyptian telecommunications...

  • France Telecom to increase Mobinil ownership

    February 13, 2012 • Mobile and Telecoms, Top StoriesComments (1)

    Egypt’s Orascom Telecom Media and Technology said board members are negotiating the future of Egyptian telecommunication giant, Mobinil, with France Telecom. France Telecom is set to increase their stake in the Egyptian company. Naguib Sawiris, Orascom...

  • Safaricom appoints new technical director

    January 11, 2012 • Mobile and Telecoms, Top StoriesComments Off on Safaricom appoints new technical director

    Kenya’s top telecommunications company Safaricom appointed Thibaud Rerolle as the new technical director, completing the company’s reorganization plans that began last year in an effort to reduce management and increase efficiency. Rerolle comes from...

  • France Telecom seals Congo Chine Telecom deal

    November 2, 2011 • Mobile and Telecoms, Top StoriesComments Off on France Telecom seals Congo Chine Telecom deal

    France Telecom announced on 31 October 2011that it has finalized the acquisition of Congolese operator Congo Chine Telecom. The deal means France Telecom will own 51% of the company’s stake with the remaining 49% owned by the government. The French company...

  • LION2 undersea cable lands in Kenya

    September 9, 2011 • Top StoriesComments Off on LION2 undersea cable lands in Kenya

    Kenya will soon be hooked to its fourth undersea fibre-optic cable following the laying of the France Telecom-funded Lower Indian Ocean Network 2 (LION2), The Standard reported online. The ship laying the LION2 arrived in Mombasa, Kenya on 30 August 2011,...

  • France Telecom plans African expansion

    September 6, 2011 • Mobile and Telecoms, Top StoriesComments Off on France Telecom plans African expansion

    France Telecom is looking to increase it’s presence in the Middle East and Africa. The operator hopes to make a number of acquisitions and partnerships in the near future to boost their footprint on the Africa continent. The company is hopeful that...

  • Egypt’s Mobinil net profit to drop 80 percent

    August 1, 2011 • Mobile and Telecoms, Top StoriesComments Off on Egypt’s Mobinil net profit to drop 80 percent

    AlembicHC has slashed the price target on shares for Egypt’s Mobinil by 21 percent to 103 Egyptian pounds. It comes after reports of lower margins and higher leverage, non-cash charges and taxes. “We expect 2011 net profit to drop 80 percent,”...

  • Telkom Kenya retrenches 400 workers

    July 15, 2011 • Mobile and Telecoms, Top StoriesComments Off on Telkom Kenya retrenches 400 workers

    The Communication Workers Union of Kenya has failed to prevent retrenchments occurring at Telkom Kenya. Both Telkom Kenya and the Union have reached into an agreement to retrench 400 employees in July 2011 in the latest round of restructuring to trim its...

  • Telkom Kenya performing below expectations

    July 11, 2011 • Mobile and TelecomsComments Off on Telkom Kenya performing below expectations

    Telkom Kenya, a state-run telecommunications operator, is about two years away from becoming a profitable telecoms company. Speaking at a recent press conference, France Telecom’s Vice-President in charge of East Africa Michel Barre says the company is...