After signing the "indefeasible right of use" agreement with Telecom Egypt and acquiring mandatory permits, OTMT
expects to launch Mena within a year as all marine construction was completed last year, it said.
was also looking at Europe, said Sawiris, because many big companies were selling assets in markets where they saw no possibility of further growth.
In February, OTMT
sold its 5% direct stake in Mobinil.
The number of bidders with OTMT
joining the tender increases to six.
remains committed to playing a positive role in the development
The existing contracts of Zain and OTMT
to run Touch and Alfa ran their course at the end of January but have been extended to end-February to allow the cabinet to consider the revamp.
CEO Naguib Sawiris said the company's pending issues will be resolved, noting that he was forced to deconsolidate Koryolink from the company's financial statements.
In October, OTMT
and Act Financial announced their intention to acquire 100% of Beltone Financial Holding.
Zain operates Touch Lebanon, while OTMT
runs the Alfa network, under agreements signed with Lebanon's Ministry of Telecoms, which expired at the end of March.
Wind Telecom's $21 billion combination with VimpelCom, including related transactions to demerge OTMT
and refinancing $2.
On 8 October, OTMT
and Act announced their intention to acquire 100% of Beltone Financial.
Orange and Orascom Telecom Media and Technology (OTMT
) have entered into an agreement as per which Orange is to acquire all the shares and voting rights held directly or indirectly by OTMT
in the Egyptian Company for Mobile Services (ECMS), holding company for Egyptian mobile operator Mobinil.