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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.
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 ]
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.
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]
Management decided to split Orascom into separate operating companies in the late 90s: Orascom Telecom Holding (OTH), Orascom Construction Industries (OCI), Orascom Hotels & Development and Orascom Technology Systems (OTS). [3] Orascom Telecom Holding was established in 1997, and then Orascom Telecom Media and Technologies, in 2011, until the ...
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 ...
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This page was last edited on 21 June 2018, at 03:30 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may ...