Mobinil sets 30-day target for Link deal
Cairo, March 10, 2010
Mobinil, the leading mobile operator in Egypt by subscribers, is still trying to buy LINKdotNET, an Internet solutions provider, and has set itself a target to complete the deal within 30 days, its chairman said on Wednesday.
"We have set an internal target, within the board, that we would like to see this completed and concluded within 30 days, within a month from the board meeting yesterday," Alex Shalaby said at a shareholders meeting in Cairo.
Mobinil has long been negotiating with one of its main shareholders, Orascom Telecom (OT), to buy LINKdotNET, an internet subsidiary of OT. – Reuters