MTN May Buy All of Orascom

29 April 2010

Africa's largest mobile-phone firm, MTN Group, has said it may spend up to $10bn to buy all or part of Cairo-based competitor Orascom Telecom, Bloomberg has reported. Orascom, which confirmed that negotiations are taking place, is seeking to resolve regulatory obstacles that may scuttle a deal, three people familiar with the discussions told the news service.

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