Monthly Archives: October 2006

Orascom Telecom Acquires Minority Stake

Cairo: Orascom Telecom Holding S.A.E. ("OTH") has signed an agreement to purchase a 7.91% stake in its Algerian GSM operation, Orascom Telecom Algeria ("OTA"), for cash consideration of US$ 399 million from Emirates International Investment Company ("EIIC"). Pro forma for this transaction, Orascom Telecom will directly and indirectly own 95.6% of OTA. The purchase agreement replaces [...]

By | 2017-06-20T10:41:36+00:00 October 27th, 2006|Uncategorized|0 Comments