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…
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 statement after Egypt’s regulator…
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…
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 precondition for additional…
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 (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 Orange…
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…
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 company’s future. France Telecom agreed to invest €1.5…
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 CEO, may still keep…
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 rival France Telecom’s Orange Dominican and…