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France Telecom takes over 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...
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Ownership dispute over Egyptian carrier escalates
Ownership dispute over Mobinil escalates The struggle for control of Egyptian mobile carrier Mobinil became more heated over the weekend after Orascom failed to transfer its holding in the company to...
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Orascom rejects Mobinil buyout again
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....
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France Telecom takes bigger stake in 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...
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Orascom drops proceedings over Mobinil
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...
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Orascom reshuffles top brass
Khaled Bichara will become CEO of Orascom Egyptian carrier Orascom Telecom announced a shake up of its leadership team, promoting chief operating officer Khaled Bichara to the position of group chief...
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France Telecom gains approval for Egyptian purchase
Regulatory approval allows France Telecom to consolidate its position in Egypt Egypt’s financial regulator has granted approval for the purchase of the stake it doesn’t already own in the country’s...
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France Telecom and Orascom settle Egyptian dispute
The dispute over Egypt's leading mobile player has been running for several years The Egyptian Government has brokered a deal between France Telecom and Egyptian entrepreneur Naguib Sawiris’ operator...
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Orascom, MTN call off acquisition talks
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. The pair...
View ArticleVimpelcom 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...
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VimpelCom, Weather merge to create new telco giant
The deal will create the world’s fifth largest mobile carrier by subscribers Russia’s second biggest operator, VimpelCom, has merged with Egypt-based Orascom Telecom and investment vehicle Weather...
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Orascom sells Tunisian investment for $1.2bn
Weather Investments portfolio has offloaded its operation in Tunisia Egyptian carrier Orascom Telecom, part of Naguib Sawiris’s Weather Investments portfolio, has offloaded its operation in Tunisia for...
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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...
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Telenor in disagreement over VimpelCom-Wind deal
Telenor said that it will try to stop the transaction from being completed Telenor and VimpelCom are still slugging it out over the Russian player’s proposed acquisition of Wind Telecom, part of...
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Orascom in talks with Zimbabwe government to reduce stake in Telecel
Orascom is required to reduce its stake in Telecel Zimbabwe Orascom has entered into talks with Zimbabwe’s government regarding the reduction of its 60 per cent stake in Telecel Zimbabwe. Under the...
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VimpelCom gets new CEO as Izosimov leaves again
Alexander Izosimov 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...
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VimpelCom to sell Djezzy stake
Djezzy is a strong performer 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. The move...
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France Telecom increases stake in Egypt’s Mobinil
France Telecom buys the majority of billionaire Sawiris' stake in Mobinil France Telecom has agreed to buy the majority of the personal stake owned by Egyptian billionaire Naguib Sawiris in Mobinil....
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Altimo makes a play for Orascom Telecom Holding
Altimo has made a bid to own all shares in Egyptian counterpart Orascom Telecom Holding Russian operator group Altimo has made a bid to acquire all shares in Egyptian counterpart Orascom Telecom...
View ArticleLebanon 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...
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