Orascom extends management contract with Alfa (Lebanon)

www.WirelessFederation.com/news: The management agreement between Orascom Telecom Holding (OTH) and Lebanon’s Alfa Network has been extended by the former for a period of 6 months ending on July 31, 2010.

A monthly sum of US$2.5 million in addition to 8.5% of total revenues is received by OTH under this contract. All the operational expenses (OPEX) of the network are OTH’s liability which is also entitled to keep the remainder as management fees. The Republic of Lebanon is fully responsible for the CAPEX during the contract period.

According to Khaled Bichara, Orascom Telecom’s CEO, the company is glad of the achievements made in the Lebanese mobile market through its management of Alfa during the past year, and are hoping to secure a presence for OTH within the long term plans of the Republic of Lebanon for its mobile communication market.