FT announces third appeal against MobiNil stake offer rejection

19 Aug 2009

France Telecom (FT) has once again appealed against the rejection of a bid for the remaining share in the Egyptian Company for Mobile Services (MobiNil), Bloomberg reports. The move comes after the Egyptian Capital Market Authority (CMA) rebuffed FT’s third offer for the outstanding stake; the French company’s previous appeal was rejected on 4 August. A committee will rule on the appeal within 60 days. FT has also indicated it may pursue the matter through the Egyptian Supreme Court.

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share