Middle East Economic Survey

VOL. XLVII

No 41

11-October-2004

TELECOMS

Orascom Telecom Tunisia Signs 330Mn Financing Deal, Completes License Payment

Orascom Telecom Tunisie (OTT), the Tunisian operation of Egypts Orascom Telecom Holding, has closed a deal worth 330mn in debt and equity financing. The proceeds of the deal will help to finance the final payment of $227mn for the GSM license which the company was awarded in May 2002. The 310mn in debt financing and $23mn in new equity completes the...