5 Companies Bid for Link Egypt, LDN Pakistan Not Included in Package
Mobinil, Telecom Egypt and Vodafone Egypt have submitted their respective bids to acquire Link Egypt, Broadband unit of Orascom Telecom. According to OT’ CEO, Khaled Bichara, two other unnamed firms have submitted bids before the deadline, which may include Etisalat, as perceived by analysts.
Orascom had announced in February 2009 to sell out 100 percent stakes of Link Egypt, in order to focus on primary Telecom business.
Earlier reports had clued that Link Dot Net Pakistan will be part of this sale out; however, strategic merger of Link Dot Net and Infinity contradicted the phenomenon.
Bichara said five firms had already completed due diligence on Link Egypt, and that OT and consultant EFG-Hermes would begin examining the bids.
Related Stories
- Link Dot Net and Mobilink Infinity to Merge
- Orascom Sells LDN Egypt to Mobinil
- Khaled Bichara Becomes CEO, Orascom, Sawiris Becomes Executive Chairman
- Breaking: Orascom Decides to Sell LinkDotNet
- Mobilink Posts Increased Revenues in Q1 2010
- Orascom Interested in any Asset on Sale
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