VOL. XLVI
No 1
6-January-2003
JORDAN
Orascom Telecom Sells Jordanian Subsidiary To Kuwaiti Company
Egypts Orascom Telecom (OT) on 23 December announced that it had sold its 91.6% equity stake in Jordan Mobile Telephone Services Company (Fastlink) to Kuwaits Mobile Telecommunications Company (MTC also known as Wataniya Telecom) for $423.9mn. The proceeds from the transaction, which the company described as another milestone in the implementation of its plan to restructure its balance sheet and...
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