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Home arrow Science - Nature arrow Egypt OT plans IPOs, mobile banking
Egypt OT plans IPOs, mobile banking PDF Print E-mail
Written by Egypt News   
Tuesday, 23 June 2009
Egyptian Orascom Telecom (OT)Chairman and chief executive of Egyptian Orascom Telecom (OT) announced Tuesday that the firm will launch a mobile banking operation in Pakistan this month and list shares in two North African subsidiaries by early 2010

Naguib Sawiris said "Tunisia will happen definitely this year and Algeria, I believe, will take longer, it might happen beginning of next year," adding that offers of 20-30 percent of the operations would raise cash that could be used for acquisitions.

Orascom Telecom said the planned mobile banking operation in Pakistan would be the first of its kind.

Sawiris added that "we are going to announce very soon, before the end of the month, we are going to launch our first real offering on mobile banking" 

 

 

 

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