je.st
news
Tag: mobinil
Orange buys remaining shares in Mobinil
2015-02-23 09:21:00| Telecompaper Headlines
(Telecompaper) Orange and Orascom Telecom Media and Technology (OTMT) have agreed that Orange will purchase all the shares and voting rights held directly or indirectly by OTMT in the Egyptian Company for Mobile Services (ECMS) for EUR 209.6 million. ECMS is the holding company of Egyptian mobile operator Mobinil. Orange said the transaction will be completed through the exercise of Orange's call option under the shareholders agreement signed by the two parties in April 2012. The transfer of OTMT's direct stake in ECMS will be completed as an 'over the counter' transaction between the two main shareholders. The parties expect that the transaction will be finalized by the end of Q1.
Tags: orange
remaining
shares
buys
Orange spends 210m on Mobinil stake
2015-02-23 01:00:00| Total Telecom industry news
Telco exercises call option to increase stake in Egyptian mobile operator to 99%.
Tags: orange
stake
spends
210m
Telecom Egypt inks EGP 15 bln deals with Mobinil, Vodafone
2015-01-13 15:19:00| Telecompaper Headlines
(Telecompaper) Telecom Egypt has signed wholesale agreements with mobile carriers Mobinil and Vodafone that are expected to generate in total EGP 15 billion (USD 2 billion) in revenues over the life of the contracts. Both Mobinil and Vodafone Egypt's international services agreements are valid for four years, while Mobinil has agreed to use TE's infrastructure for five years and Vodafone for three years. The international services include access to TE's international gateway, which the operators have chosen rather than acquiring their own gateway licences. TE shares 35 percent of the revenue generated from communications over the gateway. For the infrastructure contracts, TE said its wholesale division will generate a minimum of EGP 3 billion in revenues over the duration of the contracts.
Tags: deals
egypt
telecom
vodafone
Sites : [1] [2]