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orascom

Mobile and Telecoms

Brymedia makes moves to take over NITEL

Staff Writer -
Brymedia, one of the frontrunners in the bid for the national telecoms carrier, Nigerian Telecommunications Limited (NITEL) and its mobile subsidiary, MTel, is said to be making moves to acquire the ailing operator should the preffered bidder fail to...
Mobile and Telecoms

Qatar Telecom acquires stake in Tunisiana

Staff Writer -
Qatar Telecom (Qtel) has acquired a 75% stake in mobile operator Tunisiana, with Princesse Holding Group taking the remaining 25% of the company. According to RapidTV, the partnership will see the chairman of Princesse Holding, Mohamed Sakher Al Materi, become...
Mobile and Telecoms

Telecel Zimbabwe considers stock exchange listing

Staff Writer -
Telecel Zimbabwe is considering plans to list on the Zimbabwean stock exchange in a bid to increase local ownership. This deal will provide local Zimbabweans with an opportunity to own shares in the company and will reduce foreign ownership...
Mobile and Telecoms

MTN offers a whopping US$7,8bn for Djezzy

Staff Writer -
EGYPTY'S mobile cellular giant, Orascom has confirmed talks with MTN aimed at taking over its Algerian unit, Djezzy, an official confirmed. If the MTN, Orascom Group negotiations reach fruition, then MTN has still another hurdle in facing Algeria's government laws...
Mobile and Telecoms

Orascom must end talks with MTN to talk to Algerian govt

Staff Writer -
The Algerian telecom minister has asked Egypt's Orascom Telecom to halt takeover talks with MTN if it wants to start negotiations with the Algerian government, reports Algerian daily newspaper El Khabar Tuesday. "They must halt discussion with MTN to start...
Mobile and Telecoms

Algeria opposes Orascom-MTN deal

Staff Writer -
Algeria’s government has decided to block MTN's acquisition of Orascom Telecom’s Algerian unit. The Telecomunications Ministry yesterday confirmed the government’s strong opposition to the deal. “The government is opposed to the planned deal between MTN and Orascom with regard to the...
Mobile and Telecoms

MTN eyes Orascom’s African operations

Staff Writer -
MTN South Africa has reportedly been in discussions with Egypt's Orascom Telecom, over purchasing its African mobile operations on the continent. MTN has shown interest in Orascom’s assets in Algeria, Burundi, Central Africa Republic, Tunisia, Namibia and Zimbabwe. Contacted by ITNewsAfrica.com,...
Mobile and Telecoms

France Telecom, Orascom end dispute over Mobinil

Staff Writer -
France Telecom and Orascom Telcom Holdings have ended their legal dispute over Egyptian operator, Mobinil. Both parties, who jointly share control of Mobinil, have agreed to pursue a new shareholder agreement that would end the two year long dispute,...
Mobile and Telecoms

France Telecom’s Mobinil offer, ruled out by Egyptian court

Staff Writer -
France Telecom’s offer to buy shares in Egyptian Company For Mobile Services (ECMS), also known as Mobinil, from Orascom Telecom Holding, has been blocked by an Egyptian court. The court decision leaves Orascom the winner in its appeal over the...
Mobile and Telecoms

Egyptian court postpones Orascom appeal hearing

Staff Writer -
Egyptian telco Orascom awaits a court decision overturning approval of France Telecom’s Mobinil offer. The Egyptian court has set 27 March as the ruling date for Orascom Telecom's appeal to overturn approval of a France Telecom offer for the outstanding...
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