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Articles tagged with: France Telecom and Mobinil
France Telecom Appeal to Buy MobiNil Stake Rejected
France Telecom's appeal in its bid to buy the remaining shares in Eygpt's Egyptian Co. for Mobile Services has been rejected by the country's financial regulator. The Egyptian Financial Supervisory Authority rejected the offers by France Telecom to acquire the remaining shares as too low, saying they were less than the price set by an arbitration ruling for the majority of the company. more
Related Tags: orascom-telecom, orascom, Egypt
France Telecom Makes Fresh Bid to Settle Egyptian Dispute
France Telecom is reported to have made a new offer to buy all the shares in the Egyptian Company for Mobile Services (ECMS) in a new move to resolve the ongoing row with Orascom Telecom over their joint holding in Egypt's MobiNil. more
Related Tags: orascom-telecom, egyptian-company-for-mobile-services, orascom, Egypt
Orascom Telecom Drops Legal Action Against France Telecom
Egypt's Orascom Telecom Holding (OTH) says that it has dropped its legal action against France Telecom (FT) over their disputed shareholding in Egyptian mobile network operator, Mobinil. The two companies have been in dispute over their shareholding in the mobile operator ever since a court ruling seemed to require OTH to sell its stake to France Telecom. more
Related Tags: orascom-telecom-holding, orascom, cairo, Egypt
Orascom Telecom Sues to Overturn MobiNil Ruling
Egypt's Orascom Telecom Holding (OTH) has filed a legal claim against France Telecom (FT), claiming that the French company has not abided by the terms of a recent ruling to buy OTH's stake in MobiNil, and that the ruling should be dismissed. more
Related Tags: orascom-telecom-holding, orascom, cairo, Egypt
MobiNil Profits Down on 3G Costs and Debt Interest
Eygpt's MobiNil, which is in the midst of a tussle between Orascom and France Telecom has posted a 6% drop in first-quarter profits to EGP424 million (US$75 million) - below most analysts expectations. Imputed interest amounts relative to 3G installment payments charged during the first quarter amounted to EGP 29 million and higher interest costs are the main driver for the decrease. more
Related Tags: orascom-telecom, 3g-license, orascom, Egypt
Orascom Telecom Announces its Compliance with ICC Ruling
Following a legal ruling last week, Egypt's Orascom Telecom Holding (OTH) says that it has transferred shares it holds in Mobinil to France Telecom. There has been a quite public dispute between the two companies since the legal ruling, with Orascom claiming that the paperwork hadn't arrived, and France Telecom insisting that Orascom was being obdurate. more
Related Tags: , edge, ovi, orascom-telecom, orascom-telecom-holding, orascom, Egypt
Court Order Gives France Telecom Control of Egypt's MobiNil
Orascom Telecom has lost a legal action and been ordered to sell its entire stake in Egypt's MobiNil to France Telecom. In 2007 Orascom Telecom initiated an arbitration against France Telecom at the Arbitration Court of the International Chamber of Commerce (ICC) to try and force France Telecom to transfer its MobiNil shares to Orascom Telecom. more
Related Tags: orascom-telecom, orascom, Egypt
Mobinil Records Record Quarterly Profits
Egyptian mobile operator, Mobinil has reported its highest every quarterly profit, but warned that growth would probably slow during 2009 as the economy remains sluggish. The firm reported fourth quarter profits of EGP 551 million (US$10.4 million), while revenues jumped by 24% to EGP 2.644 billion (US$481 million). more
Related Tags: arpu, itu, orascom-telecom, orascom, cairo, Egypt
Egyptian Network Launches 3G Coverage in Cairo
The Egyptian Company for Mobile Services (Mobinil) has launched its 3G network following several delays, which the company partially put at the door of the telecoms regulator. The company had expected to receive access to the radio spectrum on 17th January, but the radio frequencies were not released until March 27th. The company had hoped to launch its network in July, but again missed its deadline. more
Related Tags: base-station, motorola, cisco, rsa, huawei, capex, ericsson, edge, orascom-telecom, cisco-systems, base-stations, siemens, alcatel-lucent, egyptian-company-for-mobile-services, alcatel, orascom, cairo, Egypt
Orascom's Sawiris Steps Down as Mobinil Chairman
Egypt's Naguib Sawiris is to stand down as the Chairman of local mobile operator, Mobinil from the end of this month. The company's current CEO, Alex Shalaby will take over as Chairman and his role will be taken up by Hassan Kabbani - currently CEO of Algerian operator, Djezzy. more
Related Tags: wind, naguib-sawiris, orascom, cairo, Egypt