Sawiris sell «Mobinil» to french company

Approved by the Egyptian telecommunications mogul Naguib Sawiris to sell most of its shares in Mobinil to France Telecom for 202.5 pounds (33.6 dollars) per share, a move his company will lose the nascent Orascom Telecom and Media biggest asset not covered by the deal Vimpelcom. A statement issued yesterday, said that France Telecom has reached a preliminary agreement to acquire a majority share of the Egyptian businessman Naguib Sawiris, their … Continue reading