tag: orascom

Altimo makes a play for Orascom Telecom Holding

Russian operator group Altimo has made a bid to acquire all shares in Egyptian counterpart Orascom Telecom Holding (OTH). The firm made an offer via the Egyptian Stock Exchange, and OTH said it learned about the offer through a notice published by Egypt’s Financial Supervisory Authority (EFSA).

France Telecom increases stake in Egypt’s Mobinil

France Telecom has agreed to buy the majority of the personal stake owned by Egyptian billionaire Naguib Sawiris in Mobinil. Sawiris is executive chairman of Orascom Telecom, which maintains a stake in the mobile operator.

VimpelCom to sell Djezzy stake

Russian carrier VimpelCom said Monday it has agreed to sell a majority stake in its lucrative Algerian unit, Djezzy, to the Algerian state for an undisclosed sum.

VimpelCom gets new CEO as Izosimov leaves again

The chief executive of second placed Russian carrier VimpelCom, Alexander Izosimov, is to step down at the end of June. Izosimov will be leaving on a high, having engineered the somewhat controversial merger with Orascom Telecom parent Weather, which created the world’s fifth largest mobile carrier.

Orascom in talks with Zimbabwe government to reduce stake in Telecel

Orascom has entered into talks with Zimbabwe’s government regarding the reduction of its 60 per cent stake in Telecel Zimbabwe. Under the country’s recent laws restricting foreign ownership of businesses, Orascom will be required to reduce its stake to a non-controlling 49 per cent

Telenor in disagreement over VimpelCom-Wind deal

Telenor and VimpelCom are still slugging it out over the Russian player’s proposed acquisition of Wind Telecom, part of Egyptian billionaire Naguib Sawiris’ Weather Investments vehicle and owner of Orascom.

Telenor moves to block VimpelCom’s merger with Weather

Norway-based Telenor has written to Russian carrier VimpelCom, in which it holds a 39.6 per cent stake, voicing its opposition to VimpelCom’s proposed merger with Weather Investments, which owns Orascom. In the statement, Telenor spokesman Dag Melgaard said: “We strongly support VimpelCom’s expansion in accordance with the principles agreed at the time the company was created.” But, he added: “In our capacity as a shareholder of Vimpelcom Ltd, we do not believe this transaction makes strategic of financial sense for VimpelCom’s shareholders.”

VimpelCom, Weather merge to create new telco giant

Russia’s second biggest operator, VimpelCom, has merged with Egypt-based Orascom Telecom and investment vehicle Weather Investments, creating the world’s fifth largest mobile telecommunications carrier by subscribers.

Vimpelcom and Orascom in talks to merge assets

Russian operator Vimpelcom and Egypt’s Orascom Telecom are reported to be close to finalising a deal to merge their telecoms assets. The merger would propel the newly created entity into the top ten largest mobile operators worldwide. The deal would also include Weather Investments, majority owned by Orascom chief Naguib Sawiris.

Orascom, MTN call off acquisition talks

Egyptian carrier Orascom, run by billionaire businessman Naguib Sawiris, said this week that it has called off discussions with regional powerhouse MTN.

France Telecom and Orascom settle Egyptian dispute

The Egyptian Government has brokered a deal between France Telecom and Egyptian entrepreneur Naguib Sawiris’ operator Orascom Telecom that will see the two firms remain partners in leading Egyptian carrier EMCS, which operates under the brand Mobinil

France Telecom gains approval for Egyptian purchase

Egypt’s financial regulator has granted approval for the purchase of the stake it doesn’t already own in the country’s leading carrier Mobinil by France Telecom’s Orange. For some time the deal has been the subject of a spat between France Telecom and Mobinil’s other principal shareholder, Egyptian player Orascom Telecom.

Orascom reshuffles top brass

Egyptian carrier Orascom Telecom announced a shake up of its leadership team, promoting chief operating officer Khaled Bichara to the position of group chief executive officer.

Orascom drops proceedings over Mobinil

Egyptian carrier Orascom Telecom said Sunday that it has dropped court proceedings against France Telecom over the long running spat involving Egyptian mobile operator Mobinil.

France Telecom takes bigger stake in Mobinil

European carrier France Telecom said Sunday that it has secured commitments from minority shareholders to acquire yet more of leading Egyptian mobile operator Mobinil.

Orascom rejects Mobinil buyout again

Egyptian carrier Orascom Telecom has rejected yet again an offer from France Telecom to buy out minority shareholders in leading Egyptian mobile operator Mobinil.

France Telecom takes over Mobinil

France Telecom has taken full control of Egyptian mobile carrier Mobinil, after settling a lengthy legal dispute with local operator Orascom Telecom and shelling out Eur530m for Orascom’s holding in Mobinil.

Lebanon awards contracts to Orascom, Zain

Egyptian carrier Orascom said Tuesday that it has been awarded a management contract for Lebanese mobile operator Alfa, owned by the Republic of Lebanon. Under the terms of the deal, Orascom is required to increase the number of subscribers of Alfa from around 600,000 at the end of 2008 to around 1 million at the […]


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