Monday, February 23, 2015

Orange Buys Orascom's share in Mobinil


French Orange is set to buy a stake held by Orascom Telecom  in Egyptian Company for Mobile Services, that operates Mobinil, for an amount of 210 million euros. Accordingly, Orange's stake in the Egyptian market will rise to 99% from 94%.
This transaction is expected to be concluded by the end of the first quarter, as part of an agreement executed by Orange and Orascom previously in April 2012.


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