Monday, January 19, 2009

Orascom mulls ISP Business

Egypt's Orascom Telecom is considering merging its ISP LinkDotNet and mobile provider Mobinil. Arab Finance reported that broadband operator LinkdotNet is considering selling a majority stake to Mobinil, or alternatively merging with other companies operating in the internet sector. Alex Shalaby, Mobinil's chairman, noted that negotiations between the two operators had not reached a conclusion, and stressed that the mobile company was considering other acquisition possibilities. Mobinil's rivals Vodafone and Etisalat already own ISPs and work on integrated fixed and mobile services.  

No comments: