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Orascom Telecom suffers $204m loss in Q1Egyptian mobile phone operator Orascom Telecom Holding said on Wednesday it swung to a net loss in the first quarter of 2013, blaming foreign exchange losses and impairment of some assets. More… |
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Orascom Telecom rejects Altimo buyout offerEgyptian group Orascom Telecom Holding's management has recommended shareholders reject an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy the company for $0.7 More… |
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Altimo offers $1.8bn for Orascom minoritiesRussian billionaire Mikhail Fridman's Altimo launched on Tuesday an offer to buy out minority shareholders in Egypt's Orascom Telecom for around $1.8 billion. Egypt's stock exchange said in March that a Cyprus-based fi More… |
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Orascom Tel takes full control of top Canadian firmEgypt-based Orascom Telecom is set to assume full control of Wind Mobile, the fourth-largest wireless carrier in Canada with some 600,000 subscribers, as the company founder Anthony Lacavera plans to step down as chief executive as part of a dea More… |
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Sawiris launches $5bn claim against AlgeriaWeather Investments (WI), a company headed by Egyptain businessman Naguib Sawiris, has launched a $5 billion claim against Algeria for damage to the company's stake in Orascom Telecom Algérie (known as Djezzy). More… |
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France Telecom buys 94pc of Egypt's MobinilFrance 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. More… |
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Orascom Telecom loss narrows to $83mOrascom Telecom, the Egyptian company bought last year by Russia's Vimpelcom, narrowed its losses in the fourth quarter to $83 million compared to a year earlier when it was hit by impairment charges. The firm posted a loss of $170 million More… |
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Orascom shares soar as suspension endsShares in Egypt's Orascom Telecom (OT) surged 56 percent on Sunday following an eight-week suspension imposed as the company spun off assets owned by Egyptian businessman Naguib Sawiris. The purchase by Russi More… |
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Orascom Telecom appoints new CEOEgyptian mobile operator Orascom Telecom appointed the former head of its Bangladeshi business Ahmed Abou Doma as chief executive, the company said on Monday. Abou Doma, who replaces Khaled Bichara, had also worked as th More… |
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Orascom Telecom to raise capital to $2.4bnEgypt's Orascom Telecom said on Monday it was seeking to raise its capital to 14 billion Egyptian pounds ($2.35 billion) from 7.5 billion pounds and that planned to divide the company into two. The company had agreed earlier to merge m More… |
