VOL. XLIV

No. 04

22-January-2001

EGYPT

Egypts OT To Pay $171Mn For Motorolas Shares In Subsidiaries

Orascom Telecom (OT) announced on 15 January that it will pay $171mn for the purchase of shares of Motorolas GSM operations in Egypt, Jordan and Pakistan. According to an OT press release, payments to Motorola will be made in four installments: $62.3mn on 31 January; $7mn on 15 December; $47.8mn on 15 January 2002; and $53.9mn on 15 January 2003. OT bought Motorolas entire 26.1% stake in Jordan...