|
|
Articles tagged with: Orascom Telecom
Orascom Telecom Warned of Ratings Downgrade on Algerian Tax Issues
Debt ratings agency, Moody's Investors Service has placed Orascom Telecom Holding's ratings on review for possible downgrade. Moody's said that the decision related to an announcement from the Algerian government regarding taxes and penalties alleged to be owing by Orascom Telecom Algeria (OTA) in the amount of approximately US$596.6 million. more
Related Tags: orascom-telecom-algeria, Algeria
Orascom Telecom Q3 Profits Nearly Doubled
Orascom Telecom Holding has reported a near doubling in its 3rd-quarter profits to US$180.9 million, compared to $90.5 million in the same period a year ago. Revenues were US$1.29 billion in the quarter. more
Related Tags:
Canada's Newest Mobile Network, Globalive Not Sufficiently Canadian
The controversy over the ownership of Canada's newest mobile network operator, Globalive Wireless has heated up after the Radio-television and Telecommunications Commission announced that it feels that Globalive does not meet the Canadian ownership requirements set out in the Telecommunications Act. Under the legislation, a telecommunications company is only eligible to operate in Canada if it is not at any time owned and controlled, in law and in fact, by non-Canadians. more
Related Tags: globalive-wireless, wind-mobile, canadian-radio-television-telecommunications-commission, orascom, Canada
Orascom Telecom Loses Interest in French 3G License
Egypt's Orascom Telecom has announced that it will not be bidding for France's fourth 3G license. The company had previously indicated that it might join a consortium with other French companies for the license. more
Related Tags: 3g-license, arcep, illiad, orascom, three, virgin-mobile-france, France
Globalive Wireless Revamps Shareholder Structure Following Concerns over Ownership
The increasingly controversial finances behind Canadian new entrant, Globalive Wireless has driven the company to revamp its business structure. Globalive Wireless said that it had taken the actions to address concerns of the Canadian Radio-Television and Telecommunications Commission (CRTC). more
Related Tags: globalive-wireless, wind-mobile, canadian-radio-television-telecommunications-commission, orascom, three, Canada
Canadian Operator Quizzed Over Egyptian Shareholding
Canada's new mobile network license holder, Globalive Communications has updated its shareholder structure as an investigation commenced to verify that the company is majority owned by Canadian nationals. The company has been under the spotlight over its shareholder structure after claims that Egypt based Orascom Telecom had a majority stake in the firm. more
Related Tags: globalive-wireless, wind-mobile, canadian-radio-television-telecommunications-commission, orascom, Canada
Orascom Confirms Receipt of Dividends from Algerian Subsidiary
Egypt based Orascom Telecom Holding has announced that its Algerian subsidiary Orascom Telecom Algerie (OTA) has received the approval of the Algerian government's tax office to repatriate 50% of its 2008 dividends to its nonresident shareholders. more
Related Tags: orascom-telecom-algerie, orascom, Algeria
S&P Places Orascom Telecom On CreditWatch Negative
Standard & Poor's Ratings Services said today that it placed on CreditWatch with negative implications its 'B' long-term corporate credit ratings on Egypt-headquartered Orascom Telecom and Orascom Telecom Finance. In addition, the 'CCC ' issue rating on the $750 million senior unsecured notes issued by Orascom Telecom Finance was also placed on CreditWatch negative. more
Related Tags: orascom-telecom-algeria, orascom, Egypt
North Korean Network Offers Free SMS to Subscribers
Orascom Telecom has confirmed that its North Korean subsidiary, koryolink's subscriber base stood at 47,850 by the end of Q2. In order to capitalize on the subscriber growth momentum, in the second quarter of 2009 koryolink introduced further reduction in connection fees as well as free SMS for the first time. Additionally, the mix of free minutes was revised to satisfy customer requirements. more
Related Tags: koryolink, base, Korea North
Orascom Telecom Group First Half Profits Down on Pakistan Losses
Egypt based Orascom Telecom has reported first-half revenues down by 2.3% over the previous year at US$2.48 billion, which the company put down to currency devaluations in key operations. Net income for the period was down at US$ 184 million from US$276 million a year ago. The sharp decline was mainly impacted by unrealised foreign exchange losses and hedge losses in Pakistan for a total of approximately US $65 million. more
Related Tags: base, orascom, Egypt