Industry Telecommunications Revenue E£10.3 billion (2012) CEO Yves Gauthier (Nov 2011–) Subsidiaries LINKdotNET, Inc. | Products Mobile phone services Website www.orange.eg Founded May 1998 | |
Type "Société anonyme égyptienne" (S.A.E.) Key people Jean-Marc Harion (CEO) / Atef Helmy (Chairman) Parent organizations Orange S.A., MT Telecom SCRL Profiles | ||
Orange egypt offered 4g licence for 399 million in spectrum shake up
Orange Egypt (Egyptian: اورنچ مٙصر, Orange Maṣr), formerly known as Mobinil, is a mobile phone operator in Egypt, founded in 1998.
Contents
- Orange egypt offered 4g licence for 399 million in spectrum shake up
- Network and coverage
- Recent changes
- References
Network and coverage
Orange Egypt has:
Orange was the first GSM in Egypt to extend its network services to:
Recent changes
On September 21, 2011, Yves Gauthier has been appointed the new chief executive officer (CEO) of Mobinil, a change that took effect on November 15 of the same year. This followed the resignation of Hassan Kabbani.
On February 13, 2012, Orange announced its intent to buy Sawiris' biggest share in Mobinil for about $2 billion which could be the end of the long-standing dispute between the company's major shareholders.
On May 27, 2012, Orange acquired 94 percent of Mobinil. Orange bought most of the Mobinil shares it did not already own from its local venture partner, Sawiris's Orascom Telecom Media and Technology (OTMT). Orange executed its purchase of 93.9 million shares of the 100 million outstanding at a pre-agreed price of E£202.5 each, for a total transaction value of E£19 billion ($3.15 billion). Sawiris agreed to keep a 5 percent stake in Mobinil.
In February 2015, an agreement was reached between Orange and OTMT where OTMT, then holder of 5% of Mobinil's shares, sold all its shares and voting rights in the company to Orange SA, thus raising Orange's ownership in Mobinil to 98.92%.
On March 8, 2016, Mobinil was officially rebranded to Orange.
On October 14, 2016, Orange acquired the fourth-generation (4G) internet services licence after signing a $484-million agreement with the national telecom regulator.