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Wireless

Orascom Telecom pushes for full takeover bid for Mobinil

Monday 13 April 2009 | 12:42 CET | News
The sale of part of Orascom Telecom's stake in Egyptian mobile operator Mobinil has been delayed as Orascom continues to push for France Telecom to launch a full takeover bid for Mobinil. Orascom said in a statement that France Telecom did not meet a 9 April to pay for the initial stake. The deadline was set by the arbitration court of the International Chamber of Commerce, when it ruled in the two Mobinil shareholders dispute and ordered Orascom to sell parts of its shares to France Telecom. Orascom rejected comments from France Telecom over its debt obligations. The French company had

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