Catégorie - Orascom Telecom
France Telecom gets green light to acquire Mobinil
France Telecom has secured the assets of Egypt’s largest mobile carrier Mobinil after receiving a surprise clearance from Egypt’s regulator. The acquisition has hung in the balance for months as France Telecom and the other major shareholder, Orascom Telecom, disputed the buy-out.
2009-12-14 -
telecomasia.net
Orascom looks for F Telecom resolution
Orascom Telecom , the Egyptian mobile operator, has said it is seeking a compromise in its dispute with France Telecom but will fight to protect its role as an operator of Mobinil , Egypt’s largest mobile network.
2009-12-23 -
Financial Times
(AFX UK Focus) 2009-12-28 13:00 Egypt's Orascom Telecom says Link sale on hold
CAIRO, Dec 28 (Reuters) - Egypt's Orascom Telecom said on Monday it had suspended talks on the sale of its internet subsdiary LINKdotNet until it resolves a dispute with France Telecom. In February, Orascom said it had received an offer for LINKdotNet from Egyptian mobile operator Mobinil, which was performing due diligence. Orascom and France Telecom, the two main shareholders in Mobinil, have ...
2009-12-28 -
Interactive Investor
Egypt's Orascom appeals Algeria tax claim
(AP:CAIRO) Egyptian company Orascom Telecom said Monday it had appealed a $596.6 million tax bill levied against its Algerian subsidiary, a dispute that surfaced amid tension between the two countries over a World Cup qualifier match.
2009-12-28 -
INO News
Orascom loses appeal on France Telecom's buy plan
An Egyptian regulator has turned down an appeal by Orascom Telecom against its previous ruling that could allow a France Telecom subsidiary to buy up Egypt's biggest mobile services provider. The Egyptian Financial Services Authority said in a statement... Egypt - Orascom Telecom Holding - France Télécom - Orascom group - Africa
2010-01-03 -
San Francisco Chronicle
Orascom to challenge France Telecom's Mobinil bid in court
(Telecompaper) Orascom Telecom plans to file a lawsuit to overturn regulatory approval of France Telecom's bid for the outstanding shares in Egyptian mobile operator Mobinil. Orascom said it will file the case before the investment division of the administrative court in Egypt and will seek an injunctive relief to stay the regulatory approval before the expiry of the France Telecom offer on 14 ...
2010-01-04 -
Digital Media Europe
(AFX UK Focus) 2010-01-20 16:19 FACTBOX-Dispute over ownership of Egypt's Mobinil
Jan 20 (Reuters) - France Telecom and Orascom Telecom have held high-level discussions in the past week seeking a resolution to their prolonged battle for control of Egyptian telecoms operator Mobinil. On Jan. 13, an Egyptian court halted a bid by France Telecom to buy outstanding shares in the Egyptian Company for Mobile Services (ECMS), known by its brand name Mobinil. Here are key facts about ...
2010-01-20 -
Interactive Investor
(AFX UK Focus) 2010-01-20 07:56 Egypt seeks FranceTel, Oracom meeting over Mobinil
CAIRO, Jan 20 (Reuters) - Egypt's communications minister has called for France Telecom and Orascom Telecom to meet to settle the dispute over the ownership of Mobinil, Egypt's largest mobile phone company by subscribers. "The dispute is commercial and we are asking the two parties to meet once more to discuss a solution that would satisfy them," Ahmed Raouf, spokesman for minister Tarek Kamel ...
2010-01-20 -
Interactive Investor
France Telecom and Orascom in talks over Mobinil
21 January 2010 PARIS: France Telecom said it and Orascom Telecom held high-level discussions in the past week to find a resolution to their prolonged battle for control over Mobinil, Egypt's major telecoms operator.
2010-01-22 -
Zawya
Orascom Telecom appeals Algeria tax claim
05 April 2010 Egypt's Orascom Telecom said that its Algerian subsidiary Djezzy appealed to the Administrative Court of Algiers to request, "An injunction to immediately suspend the payment order received pursuant to the rejection of OTA's appeal to the tax administration on April 1."
2010-04-06 -
Zawya
France Telecom and Orascom in truce
France Telecom and Orascom Telecom have signed a truce that brings to an end their acrimonious battle for control of Mobinil, Egypt's largest mobile operator.
2010-04-16 -
Zawya
France Telecom, Orascom reach agreement on Mobinil
(Telecompaper) France Telecom and Orascom Telecom have reached a new and comprehensive agreement on the shareholding of Egyptian Company for Mobile Services (ECMS) and Mobinil, brokered with the help of the Egyptian government. The shareholder structure will not change, but ISP Linkdotnet, previously wholly owned by Orascom, will be merged into ECMS. Under the outlined agreement, France Telecom ...
2010-04-15 -
Digital Media Europe
Egypt could 'block' OT's Vodafone bid
CAIRO: Egypt's regulator will not allow Orascom Telecom (OT) to buy a stake in Vodafone's Egypt unit if the deal gives OT management stakes in two competing firms, a telecoms official said on Sunday. In remarks published on Thursday, telecoms firm Orascom's executive chairman Naguib Sawiris had said his firm would consider competing for a stake in Vodafone Egypt if it were put up for sale
2010-05-30 -
The Daily Star Lebanon
(AFX UK Focus) 2010-05-30 09:03 Egypt could block OT bid for Vodafone unit - source
CAIRO, May 30 (Reuters) - Egypt's regulator will not allow Orascom Telecom (OT) to buy a stake in Vodafone's Egypt unit if the deal gives OT management stakes in two competing firms, a telecoms official said on Sunday. In remarks published on Thursday, telecommunications firm Orascom's Executive Chairman Naguib Sawiris had said his company would consider competing for a stake in Vodafone Egypt ...
2010-05-30 -
Interactive Investor
Orascom Telecom posts net loss, H1 revenue up 1%
(Telecompaper) Orascom Telecom's revenues for the first half reached USD 2.05 billion, increasing by 1 percent over H1 2009 as a result of strong growth in most of its GSM operations. With the inclusion of Eygptian operator Mobinil, which is not consolidated due to the change in its shareholders agreement with France Telecom, revenues would have reached USD 2.49 billion. The Q2 revenues ...
2010-08-12 -
Digital Media Europe
Sawiris Ready to Sign Agreement to Sell Wind, Orascom Stake, Il Sole Says
Sawiris, who controls Orascom Telecom and Wind, is in negotiations with Moscow-based VimpelCom to sell 51 percent of Orascom Telecom, the biggest mobile-phone operator in the Middle East by users, and 100 percent of Wind, Italy’s No. 3 mobile operator, a person familiar with the talks said Aug. 13. The deal could be worth 5 billion euros ($6.4 billion), Il Sole said today.
2010-08-17 -
Bloomberg
Gulf stock markets edge lower
JEDDAH/DUBAI, Dec 01, 2010 (Arab News - McClatchy-Tribune Information Services via COMTEX) -- Egypt's Orascom Telecom (OT) suffered its largest decline in five weeks on Tuesday ...
2010-12-01 -
MENAFN