Egypt’s Orascom Development CEO Khaled Bichara dies in car accident
Chief executive of Egypt-based Orascom Development Holding Khaled Bichara, has died in a car accident on Friday.
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vimpelcom
VimpelCom, Dhabi Group completes merger of Mobilink with Warid in Pakistan
The global provider of telecommunication services VimpelCom, its Egyptian unit Global Telecom Holding, and Dhabi…
Egypt’s Global Telecom announces Successful Closing of Algeria Transaction
Egypt’s Global Telecom Holding (GTH) has successively completed the sale of its 51% interest in Omnium Telecom…
Global Telecom to sell Djezzy Majority Stake for $2.6 billion
Egypt's Global Telecom (GTH) will sell a 51 percent stake in Djezzy for $2.6 billion while keeping operational…
VimpelCom unveils Management Changes
VimpelCom Ltd., a leading global provider of telecommunications services in 14 countries and headquartered in…
Vimpelcom to sell Wind Mobile stake to Canadian partner
Vimpelcom Ltd has agreed to sell its stake in Canadian wireless carrier Wind Mobile to its current partner…
Global Telecom’s EGM Approves Sale of 51% Stake in Algerian Unit
The extraordinary general meeting (EGM) of Global Telecom Holding (GTH) approved on Tuesday, August 26 the sale by…
Global Telecom Holds EGM over Sale of 51% in Algerian Unit Aug 26
Global Telecom Holding – GTH (Previously Orascom Telecom Holding S.A.E.) will hold an extraordinary general meeting…
Sawiris Aims Further Investments after EFG-Hermes Failure
Just days after his joint bid for a stake in Egypt's biggest investment bank EFG-Hermes was rejected, Egyptian…
Sawiris’s Bid for Stake in EFG-Hermes Signals Revival of Egyptian Economy
The board of EFG Hermes said it was discussing the tender offer by a consortium led by Naguib Sawiris, the Egyptian…
Egypt’s Global Telecom Books in Cost of Algerian Settlement
Egypt's Global Telecom has restated its results for last year, increasing its net loss to 20 billion Egyptian…
Global Telecom Mulls Options to Divest Canada’s Wind Mobile
Global Telecom Holding (GTHE.CA), the Egypt-based group formerly called Orascom Telecom, said it is studying…
Global Telecom Q1 Profits Hit $43 mln, CEO to Step Down
International telecoms firm Global Telecom Holding (GTHE.CA), the Egypt-based group formerly called Orascom…
Egyptian Shares End Higher, Gain EGP7bn
Egypt’s stock market ended higher on Tuesday with gains totalling around 7 billion Egyptian pounds powered by local…
Vimpelcom Resolves Algeria Row with $2.6 bln Stake Sale
Russia's Vimpelcom has resolved a long-running dispute with the Algerian government by selling it a majority stake…
Global Telecom’s Djezzy Receives Final Approval for 3G License
Algerian telecoms watchdog the Autorite de Regulation de la Poste et des Telecoms (ARPT) has published the 3G…
Sawiris Tells Canada He’s Not Spy; Re-Directs Investment to Egypt
Spurned by Canada's federal government that last week branded his interest in the country's telecoms sector a…
Changing Orascom Telecom’s Name to ‘Global Telecom’ Delayed to 23 Sept
The Egyptian Exchange announced that its Listing Committee held today 17/09/2013 has decided to postpone to…
Orascom Telecom to Start Trading with New Name Tomorrow – Egypt Bourse
The Egyptian Exchange announced on Tuesday that its Listing Committee held 15/09/2013 has approved to change the…
Vimpelcom Sells Africa Assets, Eyes Pakistan Telco Warid; Sources
Telecoms group Vimpelcom (VIP.N) has agreed to sell two of its sub-Saharan assets for about $100 million and is…
Egypt Billionaire Sawiris Family to Invest “Like Never Before”
Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his…
Russia’s Altimo Says Has No Plan For New Orascom Telecom Offer
Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in…
Egypt’s Regulator Turns Down Cypriot Bid For 16% Of Orascom Telecom Shares
Egypt's financial regulator announced on Sunday its rejection of a tender offer submitted by Cyprus-based…
Amid Mostly Red Performance, Egypt’s Benchmark Falls 1.56% In Week
In a week that witnessed mostly red performance, Egypt bourse has incurred losses of around EGP 4 billion. The…
Egypt’s Sawiris To Buy MTS Fiber Network In New Canada Push
Manitoba Telecom Services Inc (MBT.TO: Quote) will sell its Allstream fiber optic network to a company…
Orascom Telecom Closer To Delisting After Stock Tender-Sources
Egypt's Orascom Telecom (OTH) (ORTE.CA) is closer to being delisted, sources said on Friday, after holders of…
Egypt’s Orascom Says Not Party In VimpelCom-Algeria Talks Over Djezzy
Orascom Telecom Holding (ORTE.CA) announced that it didn’t informed about stoppage of negotiations between Russian…
Sources: Algeria’s Talks With VimpelCom Over Djezzy Stopped
The long-standing negotiations between Russia’s VimpelCom and the Algerian authorities over the acquisition of…
Vimpelcom Plans To Delist Orascom Stock-Sources
Emerging markets telecoms group Vimpelcom wants to delist Cairo-based subsidiary Orascom Telecom Holding (OTH)…
Vimpelcom Plans To Delist Orascom Stock
Emerging markets telecoms group Vimpelcom wants to delist Cairo-based subsidiary Orascom Telecom Holding (OTH) from…
Algeria Seeks New Valuation For Vimpelcom’s Djezzy – Source
The Algerian government will seek a new valuation for VimpelCom's local mobile phone unit Djezzy before acquiring…
Orascom Telecom Says Not Notified Of Djezzy Talks Stoppage
Orascom Telecom Holding S.A.E. (ORTE.CA) announced on Thursday that the firm has not been notified of the stoppage…
Russia’s Altimo Confirms Offer For Sawiris’ Orascom
Russian billionaire Mikhail Fridman's Altimo on Tuesday confirmed that a subsidiary has offered to buy 100 percent…
Egypt’s FSA Still Studying Cypriot Bid For Orascom Telecom
Egypt’s Financial Supervisory Authority (EFSA) stated that it is still studying the tender offer submitted by…
Sawiris’ Orascom Telecom Rebuts New Firm Launch To Run Djezzy
Orascom Telecom Holding – OTH (ORTE.CA) - has refuted news about plans to form a new firm to run its unit…
Egypt’s FSA Studies Cypriot Bid For Orascom Telecom; Chief Says
Egypt’s Financial Supervisory Authority chief Ashraf El-Sharkawy has announced that the FSA is currently studying…
EFG-Hermes Suspends Its Coverage Of Orascom Telecom
EFG-Hermes Research announced that it suspended coverage of Orascom Telecom Holding (OTH))(ORTE). Hermes added that…
Algeria Lifts Sanctions On Djezzy GSM
Algeria’s government moved to lift the sanctions imposed on Orascom Telecom Algeria (OTA) popularly known as Djezzy…
Orascom Telecom Says Not Party In Ongoing Talks Over Djezzy, Stock Resumes Trading
In reply to the inquiries of the Egyptian Exchange (EGX), Orascom Telecom Holding (OTH) (ORTE) sent a release…
Vimpelcom Cheapens To Megafon On 4G Lag: Russia Overnight
VimpelCom Ltd. (VIP), Russia’s third- largest mobile provider, is trading at the cheapest-ever level versus rival…