Egypt mobile subscriber base reaches 67mn

Editor Mobile

According to Ministry of Communication and Information Technology, Egyptian mobile subscriber base grew to 66.87 million at the end of November 2010, from 65.5 million a month earlier. In November 2009, Egypt’s three mobile operators, Etisalat Egypt, Mobinil and Vodafone Egypt, had 53.68 million subscribers.

EditorEgypt mobile subscriber base reaches 67mn

Egypt’s mobile phone networks restored

Editor Mobile

­Egypt’s mobile phone networks have been able to resume their services after being ordered to shut-down their networks on Friday. Vodafone, France Telecom controlled Mobinil and UAE based Etisalat owned, Etisalat Misr were all ordered to block their networks in selected areas throughout the country. The move seemed to fail on the government though, as protests had been pre-arranged in …

EditorEgypt’s mobile phone networks restored

Egypt’s Telecom Growth May Slow: HC

Editor Mobile

Cairo-based AlembicHC’s report has revealed that growth in Egypt’s telecommunications industry may be limited next year and beyond as mobile-phone revenue per user and the number of new subscribers decline. The penetration rate in Egypt is higher than it seems as real penetration is expected to reach 95% by the end of 2010. HC Brokerage, which issued the report, is …

EditorEgypt’s Telecom Growth May Slow: HC

Mobinil seeking financial support for Network Expansion

Editor Mobile

If reports are to be believed, Egypt’s Mobinil is seeking to raise US$347 million in debt to fund a network expansion. According to reports citing the firm’s Chief Executive Officer, Hassan Kabbani, the size of the debt offering depends on market conditions as well as talks with Commercial International Bank (CIB) and the state-owned National Bank of Egypt. The Central …

EditorMobinil seeking financial support for Network Expansion

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

Editor Mobile

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

Editor Mobile

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

Editor Mobile

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

Editor Mobile

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%

Editor Mobile

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

Editor Mobile

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