France Telecom acquired 94 per cent of Egyptian mobile phone company Mobinil in a tender offer, Egypt's stock exchange said on Sunday, giving the French group control of a top sector player in a volatile but lucrative emerging market.
Orange Business Services, an arm of France Telecom-Orange and one of the Middle East’s major ICT employers, has announced the opening of its new dedicated office in Saudi capital Riyadh.
Announcing the Saudi foray, Orange Business Arabia s
France Telecom has finalised a deal to buy out most of its partner's stake in Egyptian telecom operator Mobinil for 1.5 billion euros ($1.97 billion).
This will leave the joint venture with 95 percent French ownership but significant
France Telecom reached a preliminary accord to buy out most of Egyptian tycoon Naguib Sawiris' stake in their jointly owned telecom operator Mobinil, in a deal that will see the French group pay out about 1.5 billion euros ($2 billion).
RIM has announced that the BlackBerry Bold 9900 and BlackBerry Curve 9360 smartphones are the first SIM-based near field communication (NFC) smartphones to be certified by MasterCard Worldwide as PayPass-approved devices.
France Telecom has launched a low-cost mobile brand aimed at young web-savvy users in a bid to blunt the upcoming entry of a new mobile competitor.
France Telecom's new brand, dubbed Sosh, will tweak the normal mobile model to reduce costs
France Telecom and Kuwaiti logistics group Agility are to acquire a 44 per cent stake in fast-growing Iraqi mobile operator Korek Telecom, the groups said in a joint statement on Monday.
The two groups will form a joint venture, 54 per cen
Egyptian mobile telecoms firm Mobinil's recent ownership accord had not hurt minority shareholder rights, members of the board told Egypt's regulator in a letter published by the bourse.
The deal struck in April between Orascom Telecom and
Egypt's Orascom Telecom Holding and France Telecom signed a final deal on to settle a long and often acrimonious dispute over jointly-held mobile firm Mobinil.
The agreement, signed by Orascom executive chairman Naguib Sawiris and new Fran
Orascom Telecom and France Telecom on Sunday disclosed further details of their Mobinil ownership pact following a request for clarity from Egypt's market regulator.
On April 14, the two firms announced a broad deal to end an acrimonio