Thursday 21 August 2014
 
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Orsacom Telecom

Sawiris to step down as Orascom Telecom head

Egyptian mobile operator Orascom Telecom's CEO will take over from Naguib Sawiris as executive chairman, the firm said on Monday, as the billionaire moves to get more involved in his country's changing politics. Ahmed Abou Doma, the former

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Orascom Tel completes $800m rights issue

Egypt's Orascom Telecom said it had covered the unsold portion of a $800 million rights issue to ensure liquidity as it challenges an Algerian claim for back taxes. Orascom had covered 99.67 percent of the rights issue when it closed e

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