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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]
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]
Orascom Construction PLC (OC; Egyptian Arabic: اوراسكوم للإنشاء والصناعه) is an engineering, procurement and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt's first multinational corporation and stands at the core of the Orascom Group companies. OC is active in more than 25 countries.
The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian [1] family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology.
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]
On May 27, 2012, Orange S.A. acquired 94 percent of Mobinil, buying most of the shares it did not already own from its local venture partner, 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£202.50 each, for a total transaction value of E ...
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Wind Telecom also controls and owns 50% plus one share of Orascom Telecom Holding S.A.E. (“OTH”), a leading international telecommunications company operating GSM networks in seven high growth markets in the Middle East, Africa and South Asia, having a total population under license of approximately 460 million with an average mobile ...