Egypt’s OTMT Extends Management Contract of Alfa in Lebanon for 3 Months

Orascom Telecom Media and Technology Holding (“OTMT”) (OTMT.CA) announces that it received on 30th September  2013 an extension to the management contract of the Lebanese mobile telecommunications operator “Alfa” with the Republic of Lebanon for a period of three additional months commencing on October 1st 2013 and ending on December 31st 2013.

The terms of the extension remain the same as per the current contract signed between OTMT and the Ministry of Telecommunications in Lebanon.

Being awarded this further extension and despite its short duration, OTMT remains committed to playing a positive role in the development of the mobile sector in Lebanon. OTMT and in cooperation with the Ministry of Telecommunications will pursue Alfa’s growth policy it has followed since 2009, which is a strategic sector for the economic progress in Lebanon.