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Articles tagged with: Orascom Telecom and France Telecom
France Telecom Appeal to Buy MobiNil Stake Rejected
France Telecom's appeal in its bid to buy the remaining shares in Eygpt's Egyptian Co. for Mobile Services has been rejected by the country's financial regulator. The Egyptian Financial Supervisory Authority rejected the offers by France Telecom to acquire the remaining shares as too low, saying they were less than the price set by an arbitration ruling for the majority of the company. more
Related Tags: mobinil, orascom, Egypt
France Telecom Makes Fresh Bid to Settle Egyptian Dispute
France Telecom is reported to have made a new offer to buy all the shares in the Egyptian Company for Mobile Services (ECMS) in a new move to resolve the ongoing row with Orascom Telecom over their joint holding in Egypt's MobiNil. more
Related Tags: mobinil, egyptian-company-for-mobile-services, orascom, Egypt
MobiNil Profits Down on 3G Costs and Debt Interest
Eygpt's MobiNil, which is in the midst of a tussle between Orascom and France Telecom has posted a 6% drop in first-quarter profits to EGP424 million (US$75 million) - below most analysts expectations. Imputed interest amounts relative to 3G installment payments charged during the first quarter amounted to EGP 29 million and higher interest costs are the main driver for the decrease. more
Related Tags: mobinil, 3g-license, orascom, Egypt
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, 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, mobinil, orascom-telecom-holding, orascom, Egypt
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: mobinil, orascom, Egypt
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: orascom-telecom-holding, gsm, orascom, cairo, Egypt
Mobinil Records Record Quarterly Profits
Egyptian mobile operator, Mobinil has reported its highest every quarterly profit, but warned that growth would probably slow during 2009 as the economy remains sluggish. The firm reported fourth quarter profits of EGP 551 million (US$10.4 million), while revenues jumped by 24% to EGP 2.644 billion (US$481 million). more
Related Tags: arpu, itu, mobinil, orascom, cairo, Egypt
Mobinil Reports Subscriber Base Up by 1.4 Million
The Egyptian Company for Mobile Services (Mobinil) has reported that it increased its subscriber base in the 3rd quarter by 1.392 million, a 38% increase over the previous year - to reach 18.911 million. more
Related Tags: arpu, egyptian-company-for-mobile-services, orascom, cairo, Egypt
Egypt's Mobinil Does Not Expect a Profitable 3G Network
Egypt's Egyptian Company for Mobile Services (Mobinil) says that it does not expect to make a profit from its 3G network - and would not have brought the license had it not included an extension to the existing GSM license held by the firm. more
Related Tags: base-station, edge, 3g-license, radio-spectrum, gsm-license, base-stations, egyptian-company-for-mobile-services, orascom, cairo, Egypt