Orascom Telecom

Orascom Telecom Q1 net profit seen at US$45 mn
Business

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

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

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

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

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

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

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

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

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

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…
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