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Articles tagged with: France Telecom and Orascom
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, mobinil, Egypt
France Launches Tender for Fourth 3G License
The French government has formally opened the bidding for the country's fourth 3G license, and set the reserve price at EUR 240 million (US$339 million). As expected, France Telecom says that it will appeal against the license fee, saying that it is too low compared to the 3G license fees paid by the incumbent operators. more
Related Tags: 3g-license, license-fees, three, radio, France
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: mobinil, orascom-telecom, egyptian-company-for-mobile-services, 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, mobinil, 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, mobinil, 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: mobinil, orascom-telecom, 3g-license, Egypt
MobiNil Shareholder Dispute Continues
Egypt's Orascom Telecom and France Telecom have continued their acrimonious public battle over the control of Egyptian moble network operator, MobiNil. This morning, Orascom Telecom Holding (OTH) announced that France Telecom has failed to pay the purchase price as required by the terms of the arbitral award issued by the International Court of Arbitration of the International Chamber of Commerce and has failed to comply with its obligations under Egyptian law to make a public tender offer on the same terms as the Award. more
Related Tags: , edge, ovi, iden, orascom-telecom, orascom-telecom-holding, 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, mobinil, orascom-telecom, orascom-telecom-holding, 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: mobinil, orascom-telecom, Egypt
Orascom Sells Egyptian ISPs to Mobinil
Egypt's Orascom Telecom Holding (OTH) has announced its intention to sell its Egyptian internet service providers, LINKdotNet and Link Egypt to The Egyptian Company for Mobile Services (Mobinil), which OTH has a sizeable shareholding in. more
Related Tags: orascom-telecom, orascom-telecom-holding, gsm, cairo, Egypt