Orascom
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Valued at US$1.3 billion, Lebanon’s mobile industry is facing an uncertain and turbulent future after operating licences were brought under ministry control and the entire government resigned.
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Events in Lebanon since the massive explosion at the Port of Beirut on 4 August have gripped the world. However, another crisis is now unfolding for the country’s mobile operators.
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The board of Egypt-based Orascom Investment Holding (OIH) has approved splitting the company into two separate entities.
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Amsterdam-based Veon is on the verge of succeeding in achieving its long-held ambition of taking 100% control of Egyptian subsidiary Global Telecom Holding (GTH).
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Egypt-based Orascom Investment Holding (OIH) has entered into an agreement with the African Export-Import bank (Afreximbank) for a loan of $170 million.