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Orascom Says It’s in Advanced Discussions With France Telecom on Mobinil

By Ahmed A Namatalla - 2012-02-12T07:52:47Z

Orascom Telecom Media & Technology Holding SAE, an Egyptian mobile phone services company, said it is in advanced talks with France Telecom SA (FTE) “regarding the future” of Egyptian Co. for Mobile Services, known as Mobinil.

The Cairo-based company will make a joint statement with France Telecom on the issue before trading starts on the Egyptian Exchange tomorrow, it said in a regulatory filing today.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Alaa Shahine at asalha@bloomberg.net