France Telecom to pay $300m settlement fee to Orascom

28 April 2010

France Telecom has announced it will pay Egypt's Orascom Telecom $300m in a settlement deal over ownership of MobiNil, Egypt's largest mobile operator by subscribers, Reuters has reported. Mobinil will also acquire Orascom internet assets LINKdotNET and Link Egypt for $130m under the terms of the final deal, France Telecom said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications