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Orascom Telecom Q1 net profit tumblesEgypt's Orascom Telecom Media and Technology Holding said on Thursday its first quarter net profit had fallen to E£48.73 million ($5.49 million) from E£373.85 million in the same period of last year. OTMT reported More… |
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Orascom Telecom makes $128m bid for CI CapitalCommercial International Bank (CIB), Egypt's largest listed company, said on Thursday it had received a 1 billion Egyptian pound ($127.7 million) offer from Orascom Telecom for its investment banking subsidiary CI Capital. Ora More… |
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Altimo says no plan for new Orascom offerRussian 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 More… |
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Orascom set to be delisted from exchangesEgypt'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, More… |
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Orascom Telecom suffers $204m loss in Q1Egyptian 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. More… |
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Orascom Telecom rejects Altimo buyout offerEgyptian 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 More… |
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Altimo offers $1.8bn for Orascom minoritiesRussian 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 More… |
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Orascom Tel takes full control of top Canadian firmEgypt-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 More… |
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Sawiris launches $5bn claim against AlgeriaWeather 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). More… |
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France Telecom buys 94pc of Egypt's MobinilFrance 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. More… |
