" /> " /> " />

Sawiris to cede control of Orascom

07 March 2010

Naguib Sawiris is preparing to cede control of Egypt's Orascom Telecom, the international mobile operator he founded in 1998, The National has reported. "People like me need to start thinking, 'I cannot keep controlling my company, I need to cede control in exchange for shared control'," he said. "But I don't want to be an insignificant shareholder." Orascom is the world's eighth-largest mobile company by subscribers, with more than 120 million customers in 10 countries across Africa and Asia.

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