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| Orascom 9-month profit up $345m Tue, 18 Nov 2008 12:50:00 +0400 Orascom Telecom, the largest Arab mobile operator by subscribers, has reported that its nine-month net profit was $345m. Revenue in the first nine months reached $4.02bn and subscribers reached 79 million, reported Reuters. [AMEInfo.com] Permalink: http://www.ameinfo.com/176118.html Add This News on my :  Facebook | 
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| Etisalat eyes possible acquisitions Tue, 18 Nov 2008 09:16:00 +0400 Etisalat is considering possible acquisitions as it seeks to benefit from falling prices in a financial crisis, reported Reuters. The company has over $3bn in cash to finance potential acquisitions, according to a senior official, who added that 'there will be a lot of opportunities in 2009'. [AMEInfo.com] Permalink: http://www.ameinfo.com/176067.html Add This News on my : Facebook |
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| Bahrain launches Zain Wallet Mon, 17 Nov 2008 13:19:00 +0400 Zain Bahrain has launched Zain Wallet, a service which enables subscribers to instantly send cash to beneficiaries in the Philippines and buy phone credit. The international transactions are carried out through Globe Telecom and G-Cash to the Philippines via Nonoo Exchange in Bahrain. The company plans to expand the service to India, Pakistan, Nepal, Bangladesh, Europe and the UK. [AMEInfo.com] Permalink: http://www.ameinfo.com/175972.html Add This News on my : Facebook |
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| Etisalat looks for takeover targets Mon, 17 Nov 2008 10:59:00 +0400 Emirates Telecommunications (Etisalat) is eyeing company acquisitions as it seeks to benefit from falling prices in the financial crisis, potentially using its $3bn in cash. Like other Gulf Arab telecom firms, Etisalat has been snapping up assets worth billions of dollars in populous countries such as Egypt and Pakistan. To date Etisalat has invested $11bn in 16 countries. [AMEInfo.com] Permalink: http://www.ameinfo.com/175916.html Add This News on my : Facebook |
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| Telecom Egypt Q3 profit up 35% Sun, 16 Nov 2008 12:39:00 +0400 Telecom Egypt said its third quarter profit jumped nearly 35%, helped by gains on its investment in mobile operator Vodafone Egypt and more mobile traffic on its network. Egypt's fixed-line monopoly also said it had agreed with Egypt's Orascom Telecom to liquidate their joint venture in Algeria. Telecom Egypt is on track to meet its full-year revenue growth target of between 2% and 3%. [AMEInfo.com] Permalink: http://www.ameinfo.com/175792.html Add This News on my : Facebook |
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