Wireless Federation » archive for 'Orascom Telecom'
Orascom Telecom buys back another 243,000 GDRs (Egypt)Orascom Telecom, Egypt, plans to buy back 243,000 GDRs of it’s own. According to the company statement, the GDRs equal to 1.2 million local shares. The company had purchased 587,530 GDRs last month as well, and intends to buy back up to 8.9 million GDR shares over the period of one year. The full buy back will be equivalent to company’s 5% stake.
As reported earlier: http://wirelessfederation.com/news/orascom-telecom-buys-back-587530-gdrs-egypt/
Orascom Telecom buys back 587,530 GDRs (Egypt)Orascom Telecom, Egypt, has bought back its 587,530 GDRs (global depositary receipts).
The telco, stated, that it bought the GDRs between Aug. 13 and 18 and is planning an additional buyback. The GDRs were equivalent to 2,937,650 local shares.
Orascom Telecom’s total suscribers cross 77 million mark (Egypt)Orascom Telecom, Egypt’s regional mobile operator has posted it’s H1′08 earnings, in which it saw a 4% fall in the net income, the net income totalled to $276 million.
The operator stated that it’s EBITDA rose 22% to $1.16 billion and revenues rose 19% to $2.652 billion.
The total subscribers crossed the mark of 77 million, a rise of 31%.
Orascom Telecom’s total suscribers cross 77 million mark (Egypt)Orascom Telecom, Egypt’s regional mobile operator has posted it’s H1′08 earnings, in which it saw a 4% fall in the net income, the net income totalled to $276 million.
The operator stated that it’s EBITDA rose 22% to $1.16 billion and revenues rose 19% to $2.652 billion.
The total subscribers crossed the mark of 77 million, a rise of 31%.
Banglalink crosses 10 million subscriber mark (Bangladesh)Orascom Telecom’s Banglalink, reported that it’s subscriber base has surpassed 10 million, rising at a pace of 41%.
According to the company, Banglalink, started Bangladesh operations in 2005 with 30,000 users, and has invested more than 56 billion taka ($817 million) expanding its business.
The firm’s competitors include Grameenphone, AKtel, CityCell and Teletalk.
Orascom Telecom says to create Canadian wireless operator (Cairo)One of the biggest mobile phone operator in the Middle East ‘Egypt’s Orascom Telecom ORTE.CA’, said that it was a part of consortium chosen to create a new Canadian wireless operator.
“The new Canadian wireless operator has provisionally won AWS spectrum in Canada,” the company said in a statement.
CEOs to debate industry`s future at GSMA`s Mobile Asia CongressAn unprecedented gathering of leading operator CEOs(i) will debate the future of the mobile industry at the GSMA’s Mobile Asia Congress at the new Venetian Macau Resort on November 12-15.
The chief executives of China Mobile, the world’s largest operator, NTT DoCoMo, Japan’s largest operator, MTS, Russia’s largest operator, the Chairman and Group Managing Director of Bharti Airtel, India’s largest operator, and the CEO of Mobilink, Pakistan’s largest operator, the Chairman of Smart, the Philippines’ largest operator, Grameenphone, Bangladesh’s largest operator, and Telstra, Australia’s largest operator, will be among the keynote speakers.
They will be joined by many other industry leaders and visionaries, including the President of China Unicom, the CEOs of Softbank of Japan, Orascom Telecom, VimpelCom of Russia and the CEOs of equipment vendors Ericsson and ZTE and content companies Warner Music and EMI Music International.
Preceded by a board meeting of the GSMA, which represents more than 700 mobile operators from around the world, the Congress provides a unique opportunity for the leaders of Asia’s mobile operators to discuss the most strategic issues facing the mobile industry today. Among the themes for the keynote sessions: The shape of the mobile industry in three years time; the respective roles of operators, equipment vendors, Internet companies and content suppliers; future revenue models; reinventing cost structures; the potential of mobile broadband, low ARPU growth and the forms of entertainment that will work best on mobile.
“With mobile broadband services proliferating, handset technology evolving rapidly and the Internet fast going wireless, this industry is reaching a major inflexion point as many operators, vendors and entertainment companies review their strategies, their business models and their partnerships,” said Craig Ehrlich, Chairman. “A catalyst for the leaders of Asia’s mobile ecosystem to engage in face-to-face discussions, the Mobile Asia Congress will play a major role in shaping the strategic agenda of this industry, while setting trends in the world’s fastest-growing mobile markets.” Asia-Pacific is adding 20 million new mobile connections every month - more than four times the growth rate of any other region.
The Congress will also explore Asia’s role as a pioneer of new services, the imminent rollout of mobile broadband in China and India and how mobile technology will showcase the Olympics in Beijing next year. On the first evening of the event, there will be the presentation of the GSMA’s Asia Mobile Awards, recognizing the best commercial mobile products and services targeted at Asian consumers.
The most innovative ideas in the Asia-Pacific region will also be highlighted in Macau through the Mobile Innovation Awards, the culmination of the two-day Mobile Innovation Summit. A key part of the GSMA’s new Mobile Innovation Programme, the Summit will bring together the inventors of the region’s most innovative products, services and technologies with operators, the investor community, and vendors.
Ministers and Heads of Regulatory Authorities from approximately 20 countries in the Asia Pacific Region are also set to gather in Macau to attend the GSMA’s Government Symposium. At the Symposium, sponsored by Telenor, they will discuss the most pressing regulatory issues in the region with senior representatives from international institutions and CEOs from the mobile industry.
Wireless Mobile Telecom Wireless News
Qatar extends mobile bid deadline (Qatar)Qatar’s Supreme Council of Information and Communication Technology (ictQATAR) has extended by two weeks the deadline for the shortlisted firms and consortiums to bid for the country’s second mobile network operating licence, the regulator said yesterday. The deadline for bid submission is now 16 September rather than 2 September, it said in a statement, without giving a reason. Twelve candidates have been shortlisted for the wireless concession: Etisalat, Batelco, Jordan Telecom, MTC, Orascom Telecom, Quic Consortium (led by Omantel and Belgacom), Reliance Telecom, Ace Consortium (led by Bharti Airtel), Vodafone, AT&T, the Argos Consortium (led by Verizon) and Digicel.
Wireless Mobile Telecom Wireless News
Ten firms vying for three new Iraqi mobile licences this monthIraq is to offer three new 15-year mobile network operating licences this month, according to a statement from government officials yesterday, with a fourth licence likely to go to the Iraqi Ministry of Communications. ‘An auction to grant these licences is expected to be held in Amman on 16-17 August and results will be announced on 18 August,’ a senior official working with one of the existing mobile operators told Dow Jones Newswires. The Iraqi government announced a tender to grant the new licences last month. The current temporary licences, held by Egypt’s Orascom Telecom (Iraqna), Kuwait’s MTC-Atheer and AsiaCell, owned by Kuwait’s Watanyia, have been extended several times, and are set to expire on 31 August. Around ten firms are said to have pre-qualified for the tender. A source at the Ministry of Communications said Japanese and US firms are among the new bidders.
Wireless Mobile Telecom Wireless News
Twelve bidders for Qatar mobile licence (Qatar)Qatar’s telecoms regulator ictQATAR has announced the names of twelve firms who have pre-qualified for the country’s second mobile network operating licence. The twelve bidders are: Bharti Airtel, Verizon Argos, AT&T, Batelco, Digicel, Etisalat, Jordan Telecom, MTC (Kuwait), Orascom Telecom, Omantel-Belgacom, Reliance Telecom and Vodafone. A total of 17 firms had applied for the licence in April/May. The winner is due to be announced in October.
