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Articles tagged with: Orascom Telecom Holding and Mobilink
Pakistan's Mobilink Debt Ratings Lowered to "Substantial Risk"
Standard & Poor's Ratings Services has lowered the corporate credit rating and long-term senior unsecured debt rating on Pakistan-based wireless service provider Pakistan Mobile Communications (Mobilink) to 'CCC+' from 'B-'. The outlook on the corporate credit rating is negative. more
Related Tags: Pakistan
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
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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: mobile-baning, citibank, orascom, mobile-money, Pakistan
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, 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, debt-ratings, orascom, Pakistan
Egypt's Orascom Telecom Holding have launched their GSM mobile services in Bangladesh through its wholly owned subsidiary which operates under the name Banglalink. The network operator launched in nine major cities and plans to extend its services nationwide by the end of this year. OTH expects its subsidiary to invest over US$200 million in expanding its network coverage and capacity and deploying its services during the coming years. more
Related Tags: orascom-telecom, banglalink, gsm-license