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Articles tagged with: Orascom Telecom Holding and Orascom Telecom
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: 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, 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, 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, Egypt
New Canadian Operator Granted License and Spectrum
Canada's new entrant wireless network operator, Globalive Wireless has been officially granted its spectrum license from Industry Canada and has received the corresponding spectrum. Globalive Wireless participated in Industry Canada's AWS Spectrum Auction in May 2008, purchasing CDN$442 Million in provisional spectrum. Following a standard review period, Globalive has been granted its license, having met the eligibility requirements specified by Industry Canada to become a spectrum licensee. more
Related Tags: globalive-wireless, orascom, Canada
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: france-telecom, gsm, orascom, cairo, Egypt
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: naguib-sawiris, oeiag, weather, telekom, orascom, Austria
Orascom Seeking Merger with Telekom Austria - report
Egypt based Orascom Telecom Holding is reported to be in talks which could lead to it merging with Telekom Austria. The company's largest single shareholder is the Austrian government, though its holding firm, OeIAG. more
Related Tags: elisa, telekom-austria, weather, telekom, orascom, Austria
New Canadian Operator Expected to Launch in H2 2009
Globalive Communications, one of the winners in Canada's recent radio spectrum auction says that it expects to launch its new network in the second half of next year. The company paid CA$442 million for licenses which would cover the entire country - except Quebec. more
Related Tags: rsa, rogers-wireless, landline, rogers, vancouver, bell-mobility, orascom, bell, Canada
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, naguib-sawiris, weather, orascom
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