Egypt’s telecommunications giant Orascom Telecom says its fully owned subsidiary, Telecel Globe, has finalised a deal to sell its Namibian unit Powercom to Investec and Nedbank. A statement from Orascom on Thursday said the
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MTN has formally ended talks with Weather Investments, the parent of Egypt’s Orascom Telecom, dealing another blow to the SA-based cellphone group CEO Phuthuma Nhleko. The termination of the talks with Orascom’s parent brings to the three the number of high profile but failed potential deals that Nhleko has tried unsuccessfully to pull off in the past tw
Algeria’s foreign minister on Wednesday ended speculation Wednesday that MTN might try to buy Djezzy, the local subsidiary of Egyptian…
Egyptian telecommunications group Orascom Telecom said on Thursday that its CEO is seeking a meeting with Algeria’s prime minister after …
JSE-listed cellphone group MTN has confirmed what market watchers already knew: that it is in talks to buy part or…
Is MTN in talks with Egypt’s Orascom about a potential tie-up? A report by Bloomberg on Thursday afternoon implied that…