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Articles tagged with: Orascom Telecom
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, orascom-telecom-holding, 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-holding, 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-holding, orascom, Egypt
North Korean 3G Network Signs Up 20,000 Subscribers
It has been reported that the 3G network launched late last year in North Korea has already signed up some 20,000 subscribers. The Japan based, pro-North Korea newspaper, Choson Sinbo reported the figures noting that the customers include foreigners allowed to work in the country. more
Related Tags: 3g, pyongyang, gsm, orascom, Korea North
Court Order Gives France Telecom Control of Egypt's MobiNil
Orascom Telecom has lost a legal action and been ordered to sell its entire stake in Egypt's MobiNil to France Telecom. In 2007 Orascom Telecom initiated an arbitration against France Telecom at the Arbitration Court of the International Chamber of Commerce (ICC) to try and force France Telecom to transfer its MobiNil shares to Orascom Telecom. more
Related Tags: france-telecom, mobinil, orascom, Egypt
China Mobile Denies Seeking a Stake South Africa's MTN Group
Reports in the media that China Mobile Communications Corp. (CMCC) is seeking a partner for a takeover of South Africa's MTN Group have been denied by the firm. The reports, which first emerged in the South China Morning Post, citing unnamed sources said that the company was seeking to be a junior partner in a takeover attempt. more
Related Tags: m1, etisalat, mtn, china-mobile, zain, partner, presence, orascom, South Africa
BlackBerries Arrive in Tunisia
Tunisian mobile network operator, Tunisie Telecom has announced the commercial launch of the BlackBerry solution in the country - with the system being supplied by Alcatel-Lucent. Based on its distribution agreement with RIM, Alcatel-Lucent will leverage its local presence in the region to provide Tunisie Telecom the end-to-end implementation, launch, and on-going support for delivering the BlackBerry solution to the Tunisian market. more
Related Tags: smartphone, smartphones, alcatel-lucent, iden, blackberry, presence, orascom, Tunisia
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: orascom-telecom-holding, 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, orascom-telecom-holding, gsm, orascom, cairo, Egypt
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, naguib-sawiris, oeiag, weather, telekom, orascom, Austria