Orascom Telecom announces that its offer to buy Telecom Italia’s stake in Brasil Telecom has expired

Orascom Telecom announces that its offer to buy Telecom Italia’s stake in Brasil Telecom has expired

Cairo, June 14th, 2007: Orascom Telecom Holding S.A.E. (“Orascom Telecom”) confirms that it is no longer pursuing discussion to acquire the stake held by Telecom Italia in Brasil Telecom Participacoes SA. Orascom Telecom’s original interest was in line with its declared focus on emerging countries offering large markets with untapped demand and high growth potential, in which it can leverage its operating skills and scale. Orascom Telecom will continue to evaluate and pursue investment opportunities that fit the aforementioned criteria.

 

By | 2017-06-20T10:44:00+00:00 June 14th, 2007|Uncategorized|0 Comments

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