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Articles tagged with: Naguib Sawiris and Orascom Telecom
Fresh Talks Over Telekom Austria Sale
There are renewed rumours that the Austrian government is looking to sell its 27 percent stake in Telekom Austria - and named Egypt's Orascom Telecom as a potential bidder. The Egyptian firm has been named in several previous reports of a sale by the government. more
Related Tags: telekom-austria, oeiag, weather, telekom, orascom, Austria
North Korean Network Expected to Launch Next Week
A new mobile phone network is due to be launched in North Korea next week - reports Radio Free Asia, citing a Chinese businessman operating in the country. However the report noted that the handsets are likely to be sold for US$700 - which is equivalent to roughly five months wages for most people. more
Related Tags: cdma, gsm, orascom, Korea North
JP Morgan Advising on Telekom Austria Merger
The Austrian state investment company, OeIAG has reportedly hired JP Morgan to find a merger partner for Telekom Austria. The company's largest single shareholder is the Austrian government, though its holding firm, OeIAG. more
Related Tags: orascom-telecom-holding, oeiag, weather, telekom, orascom, Austria
Orascom Using Pyongyang's Ryugyong Hotel for Nth Korean 3G Network
Orascom Telecom - which is currently building a GSM/3G network in the secretive North Korea has apparently secured access to the mighty, if unfinished Ryugyong Hotel in Pyongyang. The company has been reported by the few foreign residents permitted into the country to be working on the very top of the 105 story building and installing equipment for its mobile network. more
Related Tags: google, pyongyang, orascom, Korea North
Hutchison Whampoa: Not in Talks With Sawiris on 3 Italia
HONG KONG -(Dow Jones)- Hutchison Whampoa said Thursday it isn't in talks with Egyptian tycoon Naguib Sawiris on selling him its Italian mobile phone unit, 3 Italia. more
Related Tags: wind, credit-suisse, 3, hutchison, hutchison-whampoa, orascom, Italy
Orascom Completes 3G Test Call in North Korea
Orascom Telecom has announced the successful completion of the first call on the CHEO network in North Korea. Orascom says that the success of this trial network using WCDMA technology represents the first step in providing coverage throughout the country. more
Related Tags: wcdma, orascom, Korea North
Orascom Expects 100,000 Customers in North Korea
Orascom Telecom says that it expects to sign up an initial 100,000 subscribers when it launches its new GSM network in North Korea. Speaking on a conference call, CEO Naguib Sawiris said that the service would start in three main cities in the country and the company will then pause to assess the impact. more
Related Tags: orascom, Korea North
Naguib Sawiris Open to Merging Orascom Telecom with Western Telco
Orascom Telecom's CEO, Naguib Sawiris has not ruled out the possibility that the company could merge with another operator in the future - although he has ruled out a complete sale of the company. In an interview with the Financial Times, Sawiris also said some western telecoms companies were "doomed" to lose their places among the 10 largest by market capitalisation unless they increased their emerging markets presence. more
Related Tags: mtn, wind, orascom-telecom-holding, weather, orascom
Sawiris Looking to Sell 10% Stake in Weather Investments
Egypt's Naguib Sawiris says that he plans to sell a 10% stake in Weather Investments, the holding company that owns the Italian mobile operator, Wind to a private equity group within the next few weeks. He declined to name the potential purchasers. more
Related Tags: wind, orascom-telecom-holding, weather, orascom, Italy
Egypt's Orascom Telecom Makes Bid For Brasil Telecom Stake
SAO PAULO -(Dow Jones)- Orascom Telecom, a branch of a large Egyptian conglomerate, has made a bid for a stake in Brazilian phone company Brasil Telecom Participacoes held by Telecom Italia, Orascom Telecom's chief executive Naguib Sawiris said Friday. more
Related Tags: citigroup, brasil-telecom, pension