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In 1997, Orascom Telecom Holding (OTH) was established as a separate entity to consolidate the telecommunications and technology interests of the Orascom group of companies established in 1976. [4] Founded in 1998 as part of the Orascom company, it became the largest cellular operator in the Middle East in only five years. [5]
Then, in June 2007, Orascom further purchased the remaining shares under Saif Group's control to become Jazz's 100% owner. In 2010, Dutch operator VEON agreed to acquire most of the telecom assets of Orascom, including Jazz, in a $6.5 billion deal, creating the world's fifth-largest mobile network operator by subscriber base. [ 5 ]
Under CEO Alexander Izosimov, VimpelCom acquired Orascom Telecom and Wind from Naguib Sawiris in 2011. [20] After a number of acquisitions, as of December 31, 2011, VimpelCom had 205 million customers across 20 countries, [21] and by 2012 it was the 13th largest mobile network operator in the world by number of subscribers. [4]
Orascom Telecom Holding was established in 1997, and then Orascom Telecom Media and Technologies, in 2011, until the recent rebranding as Orascom Investment Holding S.A.E. (OIH), of which he is the Managing Director and CEO. [3] In August 2012, Sawiris was appointed chairman of La Mancha Holding. [5]
In September 2004, Orascom Telecom Holdings purchased 100% of the shares of Sheba Telecom (Pvt.) Limited. It was acquired for US$60 million. It was acquired for US$60 million. Sheba had a base of 59,000 users, of whom 49,000 were regular when it was sold. [ 9 ]
Orascom Development Holding AG’s (VTX:ODHN): Orascom Development Holding AG, together with its subsidiaries, develops integrated towns in Egypt, Oman, the United Arab Emirates, Jordan ...
The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian [1] family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology.
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