Thursday 28 August 2014
 
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France Telecom

France Telecom buys 94pc of Egypt's Mobinil

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.

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France Telecom unit opens Saudi office

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

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France Telecom finalises Mobinil buyout deal

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

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France Tel, Sawiris reach accord on Mobinil

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).

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BlackBerry devices win PayPass approval

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. The certification

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France Tel launches low-cost mobile brand

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

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France Tel, Agility to buy stake in Iraq's Korek

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

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Mobinil deal ‘did not harm other owners’

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

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Orascom, France Tel sign Mobinil accord

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

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Orascom, France Tel give more detail on pact

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

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