EFSA rejects France Telecom’s bid for MobiNil shares (Egypt)

www.WirelessFederation.com/news: The Egyptian Financial Supervisory Authority, EFSA, has rejected France Telecom’s bid to acquire all shares in Egyptian mobile operator Mobinil. The EFSA, in a stated that it has decided to resume trading in both Mobinil and Orascom Telecom shares.
France Telecom had earlier presented a new offer to acquire Mobinil shares and had been locked in a dispute with Orascom Telecom Holding over the joint ownership of Mobinil shares.