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Tag: orascom
Telecom Egypt approves acquisition of MENA Cable from Orascom TMT, long-term credit facilities
2018-05-10 11:32:00| Telecompaper Headlines
(Telecompaper) Telecom Egypt said that its board has approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan. The board approved the acquisition of Middle East and North Africa Submarine Cable (MENA Cable) by 50 percent-owned subsidiary Egyptian International Submarine Cables Company, with a total enterprise value of USD 90 million to be financed through a shareholder loan from Telecom Egypt. MENA Cable is a subsidiary of Orascom Telecom Media and Technology Holding.
Tags: credit
facilities
cable
egypt
Orascom wins 270m third phase contracts for Cairo metro line 3
2016-05-10 01:00:00| Railway Technology
Contractor Orascom Construction has secured two contracts worth 270m for work on Cairo metro in Egypt.
Tags: line
phase
contracts
metro
Mideast Stocks-Petchems lift Saudi, Orascom Telecom pulls down Egypt
2016-03-28 13:29:44| Chemicals - Topix.net
Strong petrochemical shares lifted Saudi Arabia's stock market in early trade on Monday, while Orascom Telecom Media pulled Egypt lower again because of concern about its deal to acquire CI Capital. Saudi Basic Industries climbed 2.3 percent, helping the Saudi index rise 0.9 percent.
Tags: egypt
telecom
saudi
lift
Orascom loses control of North Korean venture Koryolink
2016-01-04 09:40:00| Telecompaper Headlines
(Telecompaper) Orascom Telecom Media and Technology has lost control of its 75 percent stake in North Korean venture Koryolink, the Wall Street Journal reported, citing a company filing in Egypt. The venture served around 3 million customers in North Korea, earning around USD 270 million before taxes and depreciation on USD 344 million in revenue in 2014.
Tags: control
north
korean
venture
Orascom offloads assets to Accelero Capital
2014-12-10 01:00:00| Total Telecom industry news
Sawiris-owned telco sells VAS, advertising, content management units to Sawiris-owned investment firm for EGP140 million.
Tags: capital
assets
orascom
offloads