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Articles tagged with: Orascom Telecom Holding
Mobilink Sees Pakistan Subscriber Base back Above 30 Million
Pakistan based mobile network operator, Mobilink has reported that its subscriber base grew by 900,000 net additions in Q3 2009 to reach just over 30 million. The customer base was down 4.2% year on year, as a result of the subscriber base clean-up undertaken throughout 2008 and early 2009, but has been growing throughout Q2 and Q3 09. more
Related Tags: mobilink, Pakistan
Orascom Eyeing French Investments
Orascom Telecom Holding's (OTE) is considering joining one of the consortium that are expected to bid for France's fourth 3G license. In an interview with French daily Le Figaro, Orascom's Chairman, Naguib Sawiris said that he was open to all options, including aquisitions. more
Related Tags: naguib-sawiris, 3g-license, orascom, France
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: mobinil, france-telecom, orascom, cairo, Egypt
Pakistani Operator Launches Mobile Banking Service
Pakistan's Mobilink has launched a range of mobile banking services, in association with Citibank under an arrangement endorsed by the State Bank of Pakistan. Mobilink is a subsidiary of Egypt's Orascom Telecom Holding (OTH). more
Related Tags: mobilink, mobile-baning, citibank, orascom, Pakistan
Orascom Telecom Settles Dispute in Chad
Orascom Telecom Holding (OTH) has announced that it reached settlement with the Republic of Chad and has received US $4.9 million in satisfaction of an International Chamber of Commerce (ICC) panel award issued in OTH's favor in the arbitration action brought by OTH against Sotel Tchad, the Chadian fixed telecommunication line operator, and the Republic of Chad. more
Related Tags: sotel-tchad, Chad
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: mobinil, france-telecom, orascom, cairo, Egypt
Pakistan Mobile Buys Back Debt - Risks Ratings Downgrade
Egypt's Orascom Telecom Holding (OTH) says that its wholly owned Pakistan subsidiary, Pakistan Mobile Communications (PMCL) had brought back US$140 million of its debt at the rate of US$730 per US$1,000. more
Related Tags: orascom-telecom, pakistan-mobile, standard-and-poors, mobilink, debt-ratings, orascom, Pakistan
Pakistan Mobile Debt Buyback Plans Trigger Default Warning
The debt ratings agency, Standard & Poor's Ratings Services has warned that it considers Pakistan Mobile to be at risk of defaulting on a debt repayment. The mobile operator, owned by Orascom Telecom Holding recently announced plans to repurchase for cash up to US$100 million of its $250 million bonds due 2013, at a 23%-30% discount to face value. more
Related Tags: itu, tim, orascom-telecom, pakistan-mobile, mobilink, debt-ratings, orascom, Pakistan
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, france-telecom, orascom-telecom, 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, france-telecom, mobinil, orascom-telecom, orascom, Egypt