Orascom Telecom
Orascom Telecom Q1 net profit seen at US$45 mn
Business
May 13, 2012
Orascom Telecom Q1 net profit seen at US$45 mn
Orascom Telecom (OT) is expected to post a first-quarter net profit of US$45 million on Monday, following a net loss…
Stock market recovers as political tension eases, IMF team plans visit for next week
Business
March 14, 2012
Stock market recovers as political tension eases, IMF team plans visit for next week
Egyptian stocks rallied on Wednesday after their biggest losing streak in months created fresh buying opportunities. The stock exchange had…
Stock exchange asks OTMT for details on Mobinil deal
Business
February 14, 2012
Stock exchange asks OTMT for details on Mobinil deal
Egypt’s stock exchange has asked Orascom Telecom Media and Technology for more details on a deal for France Telecom to…
Orascom Telecom to pay dividend from Mobinil proceeds
Business
February 13, 2012
Orascom Telecom to pay dividend from Mobinil proceeds
Egypt's Orascom Telecom Media Technology (OTMT) said on Monday it would give shareholders much of the US$1 billion it stands…
Orascom Telecom chairman to step down at end of 2011
Egypt
November 14, 2011
Orascom Telecom chairman to step down at end of 2011
The executive chairman of Orascom Telecom, Khaled Bichara, will step down from his post at the end of 2011 and…
Egypt’s Orascom Telecom up on Algerian unit report
Business
September 19, 2011
Egypt’s Orascom Telecom up on Algerian unit report
Orascom Telecom climbed more than 7 pct after an Egyptian newspaper reported that a law firm charged with valuing the…
Egypt’s OT shareholders approve raising issued capital
Business
April 14, 2011
Egypt’s OT shareholders approve raising issued capital
Shareholders in Egyptian group Orascom Telecom (OT) approved on Thursday a split of the company and a capital increase. OT…
Algeria appoints Shearman to advise on Orascom nationalization
Business
January 10, 2011
Algeria appoints Shearman to advise on Orascom nationalization
Algeria has provisionally appointed law firm Shearman & Sterling LLP to advise it on the nationalisation of Orascom Telecom's local…
Orascom sells Tunisiana stake for US$1.2 bln
Business
November 22, 2010
Orascom sells Tunisiana stake for US$1.2 bln
Orascom Telecom has sold its 50 percent stake in Tunisian mobile operator Tunisiana to a Qatari-Tunisian consortium for US$1.2 billion,…
Sawiris: Succession uncertainty fuels investment anxiety
Egypt
September 16, 2010
Sawiris: Succession uncertainty fuels investment anxiety
London--Naguib Sawiris, chairman of Egypt's Orascom Telecom, said the political ambiguity that surrounds who will succeed President Hosni Mubarak is…