Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Orascom to Give Most of Mobinil Sale Proceeds to Shareholders

March 4 (Bloomberg) -- Orascom Telecom Media & Technology Holding SAE said it may distribute to shareholders most of the proceeds from the planned sale of shares that it holds in Egyptian Co. for Mobile Services to France Telecom SA.

The sale is expected to be completed in two months, the Cairo-based company said in a filing to the Egyptian Exchange, citing Chief Executive Officer Khaled Bichara. Egyptian Co. operates under the brand Mobinil.

Link to Company News:{EMOB EY <Equity> CN <GO>} Link to Company News:{FTE FP <Equity> CN <GO>} Link to Company News:{ORTE EY <Equity> CN <GO>} Link to Company News:{OTMT EY <Equity> CN <GO>}

To contact the reporter on this story: Ahmed A Namatalla in Cairo at

To contact the editor responsible for this story: Alaa Shahine at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.