France Telecom, Orascom reach agreement on Mobinil

Thursday 15 April 2010 | 09:02 CET | News
France Telecom and Orascom Telecom have reached a new and comprehensive agreement on the shareholding of Egyptian Company for Mobile Services (ECMS) and Mobinil, brokered with the help of the Egyptian government. The shareholder structure will not change, but ISP Linkdotnet, previously wholly owned by Orascom, will be merged into ECMS. Under the outlined agreement, France Telecom and Orascom Telecom will hold 71.25 percent and 28.75 percent of Mobinil, respectively. Mobinil and Orascom Telecom will each own 51 percent and 20 percent of ECMS. The remaining 29 percent of ECMS will be in free

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Categories: Internet / Mobile & Wireless
Companies: France Telecom / LinkDotNet / MobiNil / Orange / Orascom Telecom
Countries: Egypt
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