Lebanon Telco Firm Says Employee Held In Spy Case
Reuters Africa
Lebanese state-owned mobile phone firm Alfa confirmed Wednesday an employee had been detained by the army on suspicion of spying for Israel, a case Hezbollah said showed the country’s security was under threat.
Topics: Lebanon, Middle East News, Middle East, Africa, Orascom, Egypt, Israel, telecom
Vodafone, Telecom Egypt To Keep Ownership Structure In Egypt
Wall Street Journal
Vodafone Group PLC (VOD) and Telecom Egypt SAE (ETEL.CI) Tuesday agreed to keep the current ownership structure in Vodafone Egypt Telecommunications …
Topics: Middle East News, Egypt, India, Middle East, telecom, Telecom Egypt, wireless
Orascom Telecom CEO: No Meeting Set Yet With Algeria Officials
Wall Street Journal
Egypt’s Orascom Telecom’s (ORTE.CI) chief executive said Monday Algerian authorities still haven’t set a meeting with the firm to discuss a dispute over the possible sale of its Algerian assets.
Topics: Middle East News, Middle East, telecom, Orascom, Egypt, Algeria, ISP
Algeria Is Willing to Meet Orascom, Minister Says
BusinessWeek
Algeria’s government is willing to meet Orascom Telecom Holding SAE Chairman Naguib Sawiris to discuss the fate of the company’s local unit whose planned sale the North African country opposes.
Topics: Middle East News, telecoms, Africa, Egypt, Burundi, Orascom, telecom, Middle East, Pakistan, Algeria
Algeria Opposes MTN-Orascom Deal
Wall Street Journal
Algeria’s government is opposing a deal under which South Africa’s MTN Group Ltd. would acquire the prized Algerian unit of Egypt’s Orascom Telecom, the Telecommunications Ministry said Wednesday.
Topics: Egypt, Middle East News, telecom, Middle East, Algeria, India, Orascom, Africa, countries
France Telecom Will Pay Orascom $300 Million in Egypt Dispute
BusinessWeek
France Telecom SA will pay $300 million to Orascom Holding SAE to settle a dispute about the ownership of the Egyptian Co. for Mobile Services.
Topics: Egypt, Middle East News, ISP, Middle East, Orascom, SMS, France Telecom, Mobinil, telecom
Orascom to Disclose “Crucial Infomation” on Tuesday – Trading Temporarily Halted
Reuters
Egypt’s Orascom Telecom will disclose “crucial information” on Tuesday, the Cairo-based firm said on Monday before the open of trade. South Africa’s MTN Group said on Friday that it was in talks about a potential deal, a day after a source told Reuters it was seeking to raise $5 billion to buy Orascom assets.
Topics: [...]
Egypt Orascom Telecom Surges on Talk to Sell Unit in Algeria
BusinessWeek
Orascom Telecom Holding SAE, the biggest mobile-phone operator in the Middle East by users, rose to the highest level since November on investor speculation it will receive a bid for its Algerian unit.
Topics: telecom, Middle East, Algeria, Middle East News, Orascom, Yahoo!, phone, Egypt
Orascom Denies Speculation Over Sale of Algerian Unit
BusinessWeek
Orascom Telecom Holding SAE, the biggest mobile phone operator in the Middle East, denied speculation that it will sell its Algerian unit, Maged Shawky, chairman of the Egyptian Exchange, told Al-Arabiya television.
Topics: Middle East News, Algeria, Orascom, Middle East, Du, Africa, telecom, Egypt, phone
Orascom Refutes Algeria Tax Claims
Reuters South Africa
Egypt’s Orascom Telecom said on Monday it had appealed to Algeria’s administrative court to cancel a claim it owes Algeria back taxes for 2004-2007.
Topics: Orascom, Africa, ISP, Egypt, taxes, Cairo, Middle East News, Algeria, Middle East, telecom
Germans and Egyptians Interested in Serbia’s Telekom
B92
Deutsche Telekom and Egypt’s Orascom Telecom are both interested in buying a stake in Serbia’s state-owned telecommunications company Telekom Srbija. This is according to a statement on Wednesday by Telecommunications Minster Jasna Matić, who also confirmed that unofficially, French, Spanish and Turkish companies had also shown interest.
Topics: telecommunications, Serbia, Egypt, Orascom, Middle East, Middle [...]
Orascom Telecom Bangladesh Said to Sell $102 Million of Bonds
BusinessWeek
Orascom Telecom Bangladesh, a unit of Egypt’s Orascom Telecom, sold the equivalent of $102 million in 13.5 percent bonds due 2014, according to a person familiar with the matter.
Topics: Egypt, Orascom, Middle East News, telecom, Middle East
Orascom Loses $46.4 Million
Reuters South Africa
Egypt’s Orascom Telecom posted a fourth quarter net loss of $46.4 million, the company said Monday, citing rioting and hostility in Algeria, one of its main markets, for the sharp decline.
Topics: Africa, Egypt, telecom, Algeria, Cairo, Orascom, Middle East News, Middle East, cellular
Egypt’s Orascom Telecom Loses Algeria Tax Appeal
BusinessWeek
Egyptian mobile phone giant Orascom Telecom says Algerian authorities have rejected its initial appeal of a $597 million tax bill levied against its subsidiary in that North African nation. In a statement issued Sunday evening, Orascom, which operates Mobinil, Egypt’s largest mobile phone service provider by subscribers, said it paid the required 20 percent of [...]
Algerian Pressure May Cut Orascom Unit’s Value
Reuters South Africa
Egypt’s Orascom Telecom could secure $6-7 billion if it chooses to sell its Algerian unit Djezzy, but might have to accept much less if forced out by the government, analysts say.
Topics: Cairo, Middle East, telecom, Algeria, Middle East News, Africa, Orascom, Etisalat, Egypt
