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…
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 as…
Investors are whetting their appetites at the possibility of Egyptian telecommunications company Orascom’s Djezzy unit being available for purchase. That optimism continued on Monday and Tuesday in New York, as Russia’s second largest mobile operator Vimpelcom – which purchased Orascom…
Telecom group Vimpelcom has agreed to sell its majority stake in the Algerian state operated Djezzy unit, which had been owned by Egypt’s Orascom Telecom. After Vimpelcom purchased Orascom last year, the nationalization of the Djezzy unit sparked controversy. The…
An Egyptian court has ruled that shareholders from Orascom Telecom will be forced to wait until December 17 2011 to have a verdict delivered on their attempts to prevent a split within the company. The company was scheduled to be…
Mobinil, Egyptian mobile service provider is planning to expand its data services to make up half its revenue by 2013. In addition, Mobinil is planning to switch its focus from market share to boosting revenue per user. “We have reached…
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…
Orascom Telecom Holding, an Egyptian telecommunications company, has delayed its demerger into two smaller companies. The demerger would split the functions of Orascom Telecom Holding in order to create Orascom Telecom Media and Technology Holding SAE. Currently Orascom Telecom Holding reaches over…
Algeria’s telecom sector could be at the whim of the political situation of the country, reported Pyramid Research in a recent statement. They said that the restructured l-Aurorite de Regulation des Posteset des Telecummuncations (ARPT) and the removal of many government controls…
Egypt’s leading telecommunications company Orascom Telecom (OT) said in a press statement on Wednesday that it is looking to increase its investment in local enterprises, including content providers. Local Egyptian financial newspaper al-Mal reported that its new affiliate Orascom Telecommunications…