Non VimpelCom Deal Assets to Form New, Listed Co.: Sawiris (Egypt,Russia)

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As per the Egyptian billionaire Naguib Sawiris, The company will hold about 51% of a new, publicly-listed company that will include his assets in Egypt that were not part of a $6.5 billion deal with Russian mobile operator VimpelCom Ltd. According to reports, all assets external to this deal will be included in this new company, which will be listed …

EditorNon VimpelCom Deal Assets to Form New, Listed Co.: Sawiris (Egypt,Russia)

Mobinil Might sell US$175million bonds to expand funds: CEO

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The Egyptian Co. for Mobile Services possibly will issue bonds valued at US$175 million. According to Chief Executive Officer Hassan Kabbani, The Egyptian Co. for Mobile Services may issue bonds valued at US$175 million. The Cairo-based company that operates under the brand Mobinil plans to use the proceeds to fund network expansion. The time frame for the sale is yet …

EditorMobinil Might sell US$175million bonds to expand funds: CEO

France Telecom eyes main emerging markets

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www.WirelessFederation.com/news: Expressing its focus on the main emerging markets, France Telecom’s Chief Executive Officer, Stephane Richard,  announced that his company is “ready to pay a good price” to grow further in Africa. Introduction of broadband to both mobiles and fixed-lines in Egypt, where France Telecom controls the country’s largest mobile operators by the number of subscribers is also on the …

EditorFrance Telecom eyes main emerging markets

MobiNil Telecom to be consolidated by France Telecom

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www.WirelessFederation.com/news: Results of Egyptian mobile-phone operator MobiNil Telecom will be fully included by France Telecom SA in its accounts following an accord with co-owner Orascom Telecom Holding SAE. According to the company, the 300 million fee that France Telecom agreed to pay Orascom covers termination of a previous shareholders’ agreement and compensation because Orascom can no longer consolidate MobiNil results …

EditorMobiNil Telecom to be consolidated by France Telecom

Egypt’s Mobinil profits falls by 2%

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www.WirelessFederation.com/news: 2% drop in the first-quarter profits has been reported by ¬Egyptian mobile network operator, Mobinil falling up to EGP 357 million (US$64 million) compared to a year ago. Revenues went up to EGP2.55 billion (US$457 million) rising by 2% and the subscriber base reached 26.121 million. According to Alex Shalaby, Chairman, the first quarter, has seen a continuation of …

EditorEgypt’s Mobinil profits falls by 2%

Tele2 desires partnership with Russian Svyazinvest

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www.WirelessFederation.com/news:? The mobile operations of Russia’s state-controlled telecoms holding, Svyazinvest will get an efficient partner in the form Swedish telecom operator Tele2 AB. The announcement was made by Tele2’s chief in Russia, Dmitry Strashnov.  The main assets of Svyazinvest are seven regional fixed-line operators, but many of these have mobile businesses that together have 16 million mobile subscribers. Restructuring Svyazinvest …

EditorTele2 desires partnership with Russian Svyazinvest

$300 million windfall for Orascom, France Telecom settles dispute

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www.WirelessFederation.com/news:? A global settlement fee of $300 million will be paid by France Telecom to Orascom Telecom Holding as part of an agreement between the two companies on Egyptian mobile operator Mobinil. This will put an end to a protracted dispute between the two telecom operators. The fee will be paid after the shareholders’ agreement has been amended and restated …

Editor$300 million windfall for Orascom, France Telecom settles dispute

MTN may acquire Orascom’s African assets. Deal range $8-10bn (UPDATED)

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www.WirelessFederation.com/news UPDATE 1: Reuters reported that a source in the Algerian government has disclosed that MTN and Orascom are in discussions and Orascom is required by law to inform the government of any such activity. A senior source at the Algerian government also confirmed that they take a positive view of the sale and may bless the deal. Djezzy is …

EditorMTN may acquire Orascom’s African assets. Deal range $8-10bn (UPDATED)

France Telecom and Orascom Telecom reach agreement over Mobinil

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www.WirelessFederation.com/news: The long standing legal battle between France Telecom and Egypt’s Orascom Telecom for control over Egyptian mobile operator ECMS, commonly known as Mobinil has finally come to an end. A ceasefire has been reached by both the operators ending all disputes over their joint investment. Without changing the existing ownership structure or voting rights, a revised shareholder agreement will …

EditorFrance Telecom and Orascom Telecom reach agreement over Mobinil

France Telecom’s Mobinil bid again blocked by Egyptian court

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www.WirelessFederation.com/news: Verdict preventing France Telecom SA from gaining full control of the Egyptian Co. for Mobile Services, Mobinil has been upheld by an Egyptian court under which Orascom Telecom Holding SAE has been allowed to keep its stake in the Egyptian company. According to Hamdi Yassin, the presiding judge in the case, France Telecom’s offer to buy the outstanding shares …

EditorFrance Telecom’s Mobinil bid again blocked by Egyptian court

Orascom to fight partner France Telecom to defend stake in Mobinil

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www.WirelessFederation.com/news: France Telecom’s effort to take over Egypt’s largest mobile phone operator might face a stiff challenge from its own partner Orascom Telecom Holding SAE. Orascom might also fight against Egyptian court ruling against the company. A complicated battle has risen between the two companies for control of two companies- Mobinil, which Orascom Telecom and France Telecom jointly own, and …

EditorOrascom to fight partner France Telecom to defend stake in Mobinil

MobiNil targets to finalize LINKdotNET deal within a month

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www.WirelessFederation.com/news: A deadline has been set by Egyptian Company for Mobile Services (MobiNil), to complete the acquisition of broadband provider LINKdotNET (Egypt). MobiNil, which is Egypt’s largest mobile network operator by subscribers, is currently at the center of an owner ship dispute between France Telecom and Egyptian telecoms group Orascom Telecom. Acquisition of LINKdotNET from Orascom will also be finalized …

EditorMobiNil targets to finalize LINKdotNET deal within a month