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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 ]
In March 2008, Sheba Telecom (Pvt.) Limited changed its name to Orascom Telecom Bangladesh Limited, matching its parent company name. In July 2013, following the 2011 ownership restructuring in the parent company, [10] the company name changed for the second time to Banglalink Digital Communications Ltd.
Under CEO Alexander Izosimov, VimpelCom Ltd. acquired Orascom Telecom and Wind Telecom from Naguib Sawiris in 2011. [19] After a number of acquisitions, as of December 31, 2011, VimpelCom Ltd. had 205 million customers across 20 countries, [20] and by 2012 it was the 13th largest mobile network operator in the world by number of subscribers. [3]
A telecommunications company (historically known as a telephone company) is a company which provides broadband and/or telephony services. The telecommunications companies of the Middle East and Africa are listed below:
The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian [1] family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology.
Telecel Zimbabwe began operating in 1998. It was formed as a partnership between Telecel International, which is a subsidiary of Cairo-based Orascom Telecom Company, a telecommunications company with operations in Europe, Africa, Asia, the Middle East and North America which in turn is owned by telecommunications giant VEON, and the Empowerment Corporation, which is a consortium of Zimbabwean ...
Orascom Telecom argued that the Algerian government’s actions constituted an expropriation of its assets, a claim that would require compensation under international investment agreements. The Algerian government, on the other hand, insisted that it was merely enforcing national laws and regulations and that Orascom’s complaints were unfounded.