Egypt's Orascom Telecom has been told by Algerian tax authorities that it owes $596.6 million in outstanding taxes and penalties, and will challenge that decision, the company said on Wednesday.
Egypt's Orascom Telecom net income rose to $180.9 million for the third quarter of 2009, the company said in a statement, exceeding analysts' estimates.
Egypt's Orascom Telecom has said it was restructuring its management to focus on growth and strategic initiatives, and named Khaled Bichara as group chief executive officer.
CAIRO, Oct 31 - Egypt-based Orascom Telecom said it would support Globalive, in which it said it had an indirect stake, to operate in Canada after a ruling Globalive said would delay the launch of...
Orascom Telecom, a mobile phone operator with assets stretching from Canada to North Korea, is looking at "small" acquisitions and not deals worth billions of dollars, the chairman said.
Egypt's Orascom Telecom posted second-quarter net profit of $111.8 million, up 38 per cent over the same period in 2008, and said it saw 'only timid signals' of economic recovery in its markets.
CAIRO, March 16 - Egypt's Orascom Telecom (OT) posted a 7 percent rise in full year net profit, excluding exceptionals, to $431 million, the company said after the close of trade on Monday. Orascom Telecom,...
CAIRO, March 16 - Egypt's Orascom Telecom (OT) posted a 7 percent rise in full year net profit excluding exceptionals to $431 million, the firm said after the close of trade on Monday. The firm,...
* Full year profit $431 million, down 76 pct * OT says exceptional items in '07 explain decline * Pakistani unit underperforms (Recasts first paragraph, adds details of results) CAIRO, March 16 - Egypt's Orascom...
CAIRO, May 19 - Egypt's Orascom Telecom (OT) said on Tuesday it had filed an appeal requesting that a sale of shares in mobile operator Mobinil be rescinded because the buyer, France Telecom, had not...