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France Telecom finalizes terms of Mobinil buyout

By Leila Abboud and Tom Pfeiffer /Reuters PARIS/CAIRO: France Telecom has finalized a deal to buy most of its partner’s stake in Egyptian mobile operator Mobinil for €1.5 billion ($2 billion), leaving the venture with 95 percent French ownership but significant Egyptian board and management presence. Orascom Telecom Media and Technology Holding’s (OTMT) shares jumped 5.2 …

DNE

Orascom TMT says in talks with France Telecom over Mobinil

DUBAI: Orascom Telecom Media and Technology said on Sunday it is in talks with France Telecom over the future of their Egyptian joint venture Mobinil. The Egyptian firm said a decision was expected to come after a Feb. 13 meeting between the companies. France Telecom is the biggest shareholder in Mobinil and the second biggest …

DNE

Orascom, France Tel hold talks over Mobinil: source

CAIRO: Orascom Telecom Media and Technology is in discussions with France Telecom over the future of their Egyptian venture Mobinil, a person who said he was familiar with the discussions told Reuters. France Telecom, which declined to comment, is the biggest shareholder in Mobinil and the second biggest is the family of Egyptian businessman Naguib …

DNE

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