Wireless Telecommunication Services
Company Overview of Mobinil Telecommunications S.A.E.
Mobinil Telecommunications S.A.E. provides wireless telecommunication services in Egypt. The company was founded in 1998 and is based in Cairo, Egypt. As of July 1, 2002, Mobinil Telecommunications S.A.E. operates as a subsidiary of Orange Holding S.A.
Nile City Building
2005C, Corniche El-Nil
Founded in 1998
20 2 574 7000
20 2 574 7111
Key Executives for Mobinil Telecommunications S.A.E.
Interim Chief Executive Officer, President and Director
Chairman and Executive Vice President
Director of Information Technology
Compensation as of Fiscal Year 2015.
Mobinil Telecommunications S.A.E. Key Developments
Naguib Sawiris Reportedly Mulls Sale Of ECMS Stake
Oct 1 14
Naguib Sawiris is planning to sell stake in The Egyptian Company for Mobile Services SAE (CASE:EMOB) (ECMS). He plans to sell off the 5% stake he holds in ECMS via Orascom Telecom Media and Technology Holding S.A.E. (CASE:OTMT). According to Ahram Online, the Executive cited poor internal management of Verizon Wireless Inc (cellco) by Orange (ENXTPA:ORA), as the main reason for selling. When asked if rumors that he was to divest his holding in Mobinil Telecommunications S.A.E. were true, with reference to Orange's management of ECMS he was cited as saying, “But of course; they ruined the company, very big companies tend to be like public sector companies.”
MTN, Bharti, Orange, Vodacom And Mobinil May Sell Mobile Tower Networks In Africa
Aug 18 14
MTN Group Limited (JSE:MTN), Bharti Airtel Limited (BSE:532454), Orange (ENXTPA:ORA), Vodacom Group Limited (JSE:VOD) and Mobinil Telecommunications S.A.E. are working on selling mobile tower networks in Africa. MTN Group is on the verge of selling towers valued at $1 billion in Nigeria, and Bharti Airtel Africa is selling about 15,000 of its towers across 17 countries for $2 billion- $2.5 billion. Orange is looking at disposing of towers in sub-Saharan Africa and Egypt. According to TMT Finance, a shortlist of three bidders has reportedly been drawn up for MobiNil’s 2,500-3,000 Egyptian towers.
Mobinil Denies Reported Sale By Orange
Jul 5 14
Mobinil Telecommunications S.A.E. has denied media reports that Orange (ENXTRA:ORA) plans to divest its stake in Mobinil. Mobinil Chief Executive Officer, Yves Gouthier said Orange was not considering selling its stake in Mobinil due to Egyptian operator's losses in the past two years, and the French company will continue to invest in the local market. Gouthier explained that the owner sees the Egyptian market as promising and with strong growth opportunities.
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