Friday, October 9, 2009

Orascom Plans To Buy Into Numericable-Virgin

Unconfirmed reports claim that Orascom Telecom, backed by the Egyptian entrepreneur Naguib Sawiris through his Weather Investments holding company, is seeking to buy into the Numericable-Virgin Mobile consortium that is seeking endorsement for France's fourth and final 3G licence.
The French journal Challenge writes that following 'fruitless talks' with Iliad (Free) and Bollore Telecom over a possible tie-up, Sawiris is now looking elsewhere in his bid to gain entry into the mature French mobile market. Orascom Telecom was linked with a possible takeover of another French cellco, Bouygues Telecom, in 2007.

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