Orascom

The Lebanese government resumed management of state-owned operators Alfa and Touch after operating contracts held by Orascom Telecom Media and Technology (OTMT) and Zain Group, respectively, expired.

A long-running battle between Naguib Sawiris’ Orascom and the Algerian authorities rumbled on, with the operator seeking an annulment of a recent decision on the case.

Egyptian dealmaker Naguib Sawiris is set to invest $250 million to help troubled Brazilian telco Oi out of bankruptcy proceedings, according to reports.

Orascom’s bold move into North Korea in 2008, when it set up the country’s only mobile network, has turned into a major headache for the firm as it faces difficulties repatriating profits and has lost control of its 75 per…

Orange Group, in a deal worth a shade under €210 million, exercised a call option to purchase all shares and voting rights held by Orascom Telecom Media and Technology (OTMT) in the Egyptian Company for Mobile Services (ECMS), which runs…

Verizon Communications has made an offer worth CAD700 million ($670 million) for Canada’s Wind Mobile and started takeover talks with Mobilicity, another struggling Canadian wireless start-up, according to The Globe and Mail.

Canada’s goal of having a viable fourth mobile operator seems to be unravelling as Orascom Telecom, majority-owned by Amsterdam-headquartered VimpelCom, has withdrawn its bid to take control of Wind Mobile.