Thursday 23 October 2014
 
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Orascom Telecom

Altimo says no plan for new Orascom offer

Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in Orascom Telecom (OTH) after Egypt's regulator rejected its attempt to reopen its earlier tender. Orascom Telecom, a h

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Orascom set to be delisted from exchanges

Egypt's Orascom Telecom (OTH) is closer to being delisted, sources said yesterday, after holders of around 10 per cent of its stock agreed to be bought out. Russia's Altimo, the biggest owner of OTH's parent Vimpelcom,

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Orascom Telecom suffers $204m loss in Q1

  Egyptian mobile phone operator Orascom Telecom Holding said on Wednesday it swung to a net loss in the first quarter of 2013, blaming foreign exchange losses and impairment of some assets.

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Orascom Telecom rejects Altimo buyout offer

  Egyptian group Orascom Telecom Holding's management has recommended shareholders reject an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy the company for $0.7

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Altimo offers $1.8bn for Orascom minorities

Russian billionaire Mikhail Fridman's Altimo launched on Tuesday an offer to buy out minority shareholders in Egypt's Orascom Telecom for around $1.8 billion. Egypt's stock exchange said in March that a Cyprus-based fi

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Orascom Tel takes full control of top Canadian firm

Egypt-based Orascom Telecom is set to assume full control of Wind Mobile, the fourth-largest wireless carrier in Canada with some 600,000 subscribers, as the company founder Anthony Lacavera plans to step down as chief executive as part of a dea

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Sawiris launches $5bn claim against Algeria

  Weather Investments (WI), a company headed by Egyptain businessman Naguib Sawiris, has launched a $5 billion claim against Algeria for damage to the company's stake in Orascom Telecom Algérie (known as Djezzy). 

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France Telecom buys 94pc of Egypt's Mobinil

France Telecom acquired 94 per cent of Egyptian mobile phone company Mobinil in a tender offer, Egypt's stock exchange said on Sunday, giving the French group control of a top sector player in a volatile but lucrative emerging market.

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Orascom Telecom loss narrows to $83m

Orascom Telecom, the Egyptian company bought last year by Russia's Vimpelcom, narrowed its losses in the fourth quarter to $83 million compared to a year earlier when it was hit by impairment charges. The firm posted a loss of $170 million

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Orascom shares soar as suspension ends

Shares in Egypt's Orascom Telecom (OT) surged 56 percent on Sunday following an eight-week suspension imposed as the company spun off assets owned by Egyptian businessman Naguib Sawiris.      The purchase by Russi

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