Mobinil

Orange to buy out Orascom in Egypt’s Mobinil

Orange has announced it has entered into an agreement to buy out Orascom Telecom Media and Technology (OTMT) in the Egyptian Company for Mobile Services (ECMS), which operates under the Mobinil brand.

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.

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 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.

Middle East prepaid subs hit 100 mil.

The number of prepaid mobile subscriptions in the Middle East crossed the 100 million mark in the second quarter, reaching 101.7 million at the end of June. Prepaid services continued to dominate in both the Middle East and Africa, with a combined 321.55 million subscriptions at the end of June, accounting for 84.46 per cent […]

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