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OrascomTelecom Hldgs (GLTD)

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Wednesday 28 April, 2010

OrascomTelecom Hldgs

Clarification to Section 1 of

RNS Number : 9314K
Orascom Telecom Holdings S.A.E
28 April 2010
 



 

The following announcement replaces RNS No 9294K released at 08:33 under the headline "Clarification to Section 1 of the Announced Terms", the PDF was omitted previously.

All other details remain unchanged.

 

 

Clarification to Section 1 of the Announced Terms of the Agreement between France Telecom and Orascom Telecom Holding on Mobinil and ECMS Submitted to the Egyptian Financial Supervisory Authority

 

 

Cairo, 28 April, 2010: In response to investors queries regarding  Section 1 of the terms of the agreement between France Telecom and Orascom Telecom Holding on Mobinil and the Egyptian Company for Mobile Services ("ECMS") submitted today to the Egyptian Financial Supervisory Authority, Orascom Telecom Holding wishes to clarify that it is maintaining its present direct and indirect stake of 34.6% and that the terms of the agreement do not foresee any change of ownership of Orascom Telecom Holding and France Telecom. Section 1 merely refers to a standstill provision which further provides that Orascom Telecom Holding shall not seek to directly or indirectly and/or whether acting in concert increase its current equity stake in ECMS.

 

 

Click on, or paste the following link into your web browser, to view the associated PDF document.

 http://www.rns-pdf.londonstockexchange.com/rns/9314K_-2010-4-28.pdf

 

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About Orascom Telecom Holding:

 

Orascom Telecom Holding is a leading international telecommunications company operating GSM networks in high growth markets in the Middle East, Africa and Asia, having a total population under license of approximately 510 million with an average mobile telephony penetration of approximately 49% as of December 31st, 2009. Orascom Telecom operates GSM networks in Algeria ("OTA"), Pakistan ("Mobilink"), Egypt ("Mobinil"), Tunisia ("Tunisiana"), Bangladesh ("banglalink"), North Korea ("koryolink") and Canada ("Wind Mobile") through its indirect equity shareholding in Globalive Wireless. In addition it has an indirect equity ownership in Telecel Zimbabwe (Zimbabwe) and through its subsidiary Telecel Globe, OTH also operates in Burundi, the Central African Republic and Namibia. Orascom Telecom had almost 93 million subscribers as of December 31st, 2009.

 

Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded under the symbol (ORTEq.L, OTLD LI).

For more information visit: www.orascomtelecom.com.

 

For Further Information:

Investor Relations

[email protected]

 

Orascom Telecom Holding S.A.E.

Nile City Towers - South Tower

26th Floor - Corniche El Nile,

Ramlet Beaulac

Cairo Egypt

Telephone   : +202  2 461  5050 / 51

Fax             : +202  2 461  5055

Website: www.orascomtelecom.com  

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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