Mobinil denies France Telecom-Orascom Talks

The Egyptian Company for Mobile Services Mobinil (EMOB) has denied conducting talks between the Orascom Telecom Media & Technology Holding (OTMT) and France Telecom Company about the future of the EMOB.

The EMOB has informed the EGX that there were not any undeclared important events. This was after the EGX had queried Mobinil whether there are any coming expansions, merger plans, capital changes or restructuring arrangements.