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Mobinil to offer stake on bourse or to local partner in 2016

2015-06-04 11:10:00| Telecompaper Headlines

(Telecompaper) French telecom operator Orange said Egyptian subsidiary Mobinil is planning to offer 10-15 percent of its stock on the Cairo bourse next year, or to sell the stake to a local partner. The group's CEO Stephane Richard also said at a news conference in the Egyptian capital Cairo that Orange will increase its stake in a Moroccan subsidiary to 49 percent from 40 percent, as part of plans to expand in North Africa, Reuters reported.

Tags: local offer partner stake

Category:Telecommunications

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