VOL.XLI
No. 33
17-August-1998
EGYPT
MobiNil To Raise $117Mn Through Secondary Offering
MobiNil, Egypt's GSM phone operator, announced on 10 August that it is planning toraise E400mn ($117mn) through a secondary public share offering to take place inmid-September following the sale of 30% in an initial public offering last February. Thecapital raised will be used to finance the GSM network expansion program (MEES, 10August). According to the daily al-Alam al-Youm, 'Usman Sultan, MobiNil Chief...
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