Saturday, June 15, 2024
No menu items!

Orascom Telecom

Africa’s Top 10 Tech newsmakers in 2012

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...

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,...

France Telecom to increase Mobinil ownership

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...

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 to be...

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

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...

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. Lunder’s appointment must now...

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 of Orascom Telecom Holdings,...

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 increase by 1.6%,...

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 March...
- Advertisement -spot_img

Latest News

Why is Closing The Cybersecurity Gender Gap Critical?

2024 signifies a seminal moment in South African history. Not only does it mark three decades since the first...
- Advertisement -spot_img