Tuesday, January 14, 2025
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profit margins

Mobile and Telecoms

Orascom Telecom reports second quarter loss

Staff Writer -
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...
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