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France Telecom acquires 94 percent of Egypt’s Mobinil -bourse

France Telecom acquired 94 percent of Egyptian mobile phone company Mobinil in a tender offer, Egypt's stock exchange said on Sunday, giving the French group control of a top sector player in a volatile but lucrative emerging market.

May 28, 2012 10:46
 
Network Switch Saps Mobinil Q1 Profit

Network Switch Saps Mobinil Q1 Profit

Egyptian mobile firm Mobinil slumped to a first-quarter net loss of 74 million Egyptian pounds ($12.24 million) due to the costs of switching its network to 3G and said its outlook was uncertain because of political volatility.

May 1, 2012 10:12