VOL. XLV
No 27
8-July-2002
EGYPT
Orange Buys MobiNilStake For 324Mn
The EgyptianCompany for Mobile Services (ECMS) said on 2 July that Orangehad bought a 71.25% stake in MobiNilTelecommunications (which represents 36.34% of ECMS) for 324mn from FranceTelecom. The acquisition values ECMS at 6.3 times the companys EBITDA(earnings before interest, tax, depreciation and amortization) in 2001. Orascom Telcom Holding owns28.75% of MobiNil, which represents 14.66% of ECMS,and also holds another 16.6% of...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!