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Posts Tagged ‘Orascom Telecom’

  • Africa’s Top 10 Tech newsmakers in 2012

    December 11, 2012 • Top StoriesComments (1)

    They are the movers and shakers, people who continue to influence and impact the broader African Information and Communications Technology industry in a big way. Their actions have made others sit up and take notice … they are the ‘headline grabbers’....

  • Algeria’s Weather Investments takes on government over Orascom Telcom

    November 20, 2012 • Mobile and TelecomsComments Off on Algeria’s Weather Investments takes on government over Orascom Telcom

    The owner of Algeria’s Djezzy unit, Weather Investments, reported that it has filed a $5 billion lawsuit against the Algerian government over its stake in the local telecom operator. It is the continuation of massive controversy with the unit, which had...

  • 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...

  • Vimpelcom to get $7.8 billion for Algerian unit

    January 25, 2012 • Mobile and Telecoms, Top StoriesComments Off on Vimpelcom to get $7.8 billion for Algerian unit

    According to Emerging Money, Russian telecom giant Vimpelcom has reportedly signed an agreement with the Algerian government for the country’s telecom unit previously owned by Orascom Telecom, which Vimpelcom purchased last year. The deal is being reported...

  • Orascom to list tech company on Egyptian stock exchange

    January 21, 2012 • Mobile and Telecoms, Top StoriesComments Off on Orascom to list tech company on Egyptian stock exchange

    Egypt’s Orascom Telecom has revealed that their new subsidiary, Orascom Telecom Media and Technology Holding (OTMT), will be listing on Egypt’s stock exchange. The goal for Orascom with the new company is to split certain aspects of its investments...

  • Rising hope for Orascom Telecom’s stocks

    January 13, 2012 • Mobile and Telecoms, Top StoriesComments Off on Rising hope for Orascom Telecom’s stocks

    Egyptian stocks ended the week at the highest level in nearly one month as traders are hopeful of Orascom Telecom’s return to trading. This comes after a tentative deal to solve the ongoing dispute between Egypt’s leading telecom operator and the Algerian...

  • Egypt’s Orascom Telecom has new chairman

    January 13, 2012 • Mobile and Telecoms, Top StoriesComments Off on Egypt’s Orascom Telecom has new chairman

    Egypt’s largest telecommunications company, Orascom Telecom,  announced it had appointed Jo Lunder as the company’s chairman to replace Khaled Bichara. Bichara had resigned from his post in December, but there was no reason given for his quitting....

  • Egypt’s Sawiris bids for Orange Switzerland

    November 2, 2011 • Mobile and Telecoms, Top StoriesComments Off on Egypt’s Sawiris bids for Orange Switzerland

    Egyptian businessman Naguib Sawiris is in discussions with partners to help finance a bid for Orange Switzerland, the France Telecom mobile-phone unit. “I wouldn’t do it alone, we are looking for partners,” said Sawiris. Sawiris, the founder...

  • Orascom share price increases

    October 24, 2011 • Mobile and TelecomsComments Off on Orascom share price increases

    Shareholders of one of Africa’s biggest mobile network operators, Orascom Telecom Holdings have witnessed major business gains over the past week, due to the company splitting into two separate entities. The Cairo-based company saw their share price...

  • Orascom Telecom reports second quarter loss

    August 13, 2011 • Mobile and TelecomsComments Off on Orascom Telecom reports second quarter loss

    Egypt’s Orascom Telecom, the parent company of the second largest mobile operator Mobinil, reported a net loss of $58.5 million for the second quarter, despite an upsurge in the short-term revenues. Orascom Telecom was purchased by Russia’s Vimpelcom in...

  • Egyptian operators told to stop poaching

    August 4, 2011 • Mobile and Telecoms, Top StoriesComments Off on Egyptian operators told to stop poaching

    Egypt’s National Telecommunication Regulatory Authority has called on Vodafone Egypt and Etisalat Egypt to end its advertising campaigns aimed at attracting Mobinil customers to change their phone numbers and join their networks. NTRA advisor Mahmoud...

  • Orascom hires Infor to help with logistics

    August 3, 2011 • Mobile and TelecomsComments Off on Orascom hires Infor to help with logistics

    Egypt’s Orascom Telecom has hired leading business application software provider Infor to help bolster the telecom operator’s management from its head office in Cairo. The new deal will see Infor provide financial planning, budgeting, reporting and...

  • Orascom Telecom asks for loan

    May 30, 2011 • Mobile and TelecomsComments Off on Orascom Telecom asks for loan

    Egypt’s largest telecommunications company Orascom Telecom has issued a request for a $350 million loan in order to refinance debt, local business newspaper al-Alam al-Youm reports. The report, which did not give specific source details, said Orascom was...

  • Egypt’s Mobinil looking at international license

    May 24, 2011 • Mobile and TelecomsComments Off on Egypt’s Mobinil looking at international license

    As Egypt’s leading mobile operator, Mobinil, deals with the restructuring of its parent company Orascom Telecom, it was reported by local press that the top mobile company in the country is looking to cut its international telecom gateway. Owned by Telecom...

  • Little progress on Orascom, Djezzy row

    May 23, 2011 • Mobile and TelecomsComments Off on Little progress on Orascom, Djezzy row

    It appears to be an almost never ending battle between Egypt’s Orascom Telecom and the Algerian government to resolve an impasse over the telecom giant’s subsidiary in the country, Djezzy. According to OT Chairman Khaled Bichara, there may be some hope...

  • Orascom chairman Sawiris steps down

    May 19, 2011 • Top StoriesComments Off on Orascom chairman Sawiris steps down

    Business tycoon and Egypt’s Orascom Telecom CEO, Naguib Sawiris, announced he would step down as executive chairman of the company as he begins to move toward more involvement in the country’s changing political sphere. It comes only days after the...