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| Type | Public (LSE: OTLD) |
|---|---|
| Founded | 1998 |
| Headquarters |  Cairo, Egypt [1] |
| Key people | Naguib Sawiris, Chairman and CEO Emad Farid, COO Aldo Mareuse, CFO Sabrine El. Hossamy, CCO Walid Bedair, Internal Audit Director Wafaa Lotaief, Vice President & HRM Mohamed Naguib, CAO Tamer El Mahdy, CTO Moataz El Sayed, IT Director |
| Industry | Telecommunications |
| Products | Mobile networks, Internet Services |
| Revenue | ▲$4.72 billion USD (2007) |
| Subsidiaries | Mobinil Djezzy Banglalink Tunisiana Telecel Zimbabwe |
| Website | www.otelecom.com |
Orascom Telecom Holding S.A.E. is the first multinational Egyptian corporation. It is one of the core Orascom Group companies, and considered among the largest and most diversified network operators in the Middle East, Africa, Europe, North America, Pakistan and Bangladesh.
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Networks in Middle East and Africa
OTH is considered among the largest and most diversified network operators in the Middle East, Africa, and South Asia, and has acquired in early 2008 a license to operate mobile services in North Korea. Orascom Telecom is a leading mobile telecommunications company operating in seven emerging markets having a population under license of 430 million with an average penetration of mobile telephony across all markets of approximately 44%. OTH operates GSM networks in Algeria (Djezzy), Pakistan (Mobilink), Tunisia (Tunisiana), Bangladesh (Banglalink), Italy (WIND), Greece (WIND Hellas), Zimbabwe (Telecel Zimbabwe), Namibia (Cell One) and North Korea (Koryolink). OTH had exceeded 79 million subscribers as of September 2008.
OTH strategy
OTH has positioned itself as a leader in the region for its diverse GSM operations with various GSM support and Internet operations. One of OTH's main strategies is to create its own non- GSM subsidiaries to act as a backbone of support for its regional GSM operations. OTH has achieved this by dedicating financial, technical and management resources for supporting its subsidiaries. This includes network support and installation of GSM operations, equipment procurement, handset procurement and distribution companies, Value Added Services, and Internet operations. OTH is dedicated to providing the best quality services to its customers, value to shareholders and a dynamic working environment for its nearly 20,000 employees.
GSM Association
OTH established a strong presence in the GSM Association (the world's leading wireless industry representative body) only five years after its inception. OTH's Chairman and CEO, Mr. Naguib Sawiris, was selected to join the GSM Association's CEO Board in 2002.
Orascom Stock
Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded under the symbol (ORTEq.L, OTLD LI).
Hutchison Telecommunications International
Orascom has also expanded into the 2G business of Hutchison International and has a 19.3% stake within the company. Orascom executives have 2 places within the Board of HTIL ( The stake was sold in 2007 which made a capital profit of 600 million USD more than 24 % in the deal which was 100 % debt financeed).
Other Sectors
Orascom has also extended its operation into Brussels, Belgium through subsidiaries that are researching and developing WiMax techonology, the future successor of the current WiFi wireless internet system. Companies of Orascom Telecom other than networks are:
- OTV - A satellite TV station
- Onkosh - Orascom's Internet search engine optimized for Arab users
- submarine communications cable - ABC news reports that orascom telecom is entering the submarine cable market and will start working soon
Weather Investments
Orascom Telecom Holding is managed by Weather Investments S.P.a. which also holds more than 50% of it. Weather Investments also owns:
- Wind Telecomunicazioni S.p.A., the third largest mobile operator in Italy (bought May 2005).
- WIND Hellas (formerly TIM Hellas), the third largest mobile operator in Greece (bought April 2007).
- Tellas, the largest alternative fixed telephony provider in Greece (initially 50% plus one share owned, with the rest 50% minus one share purchased in July/August 2007).
- LINKdotNET, an Egyptian Internet company
- M-Link Teleport, an international carrier based in Belgium, also official gateway of Orascom group for international voice/data traffic
Possible sale
In December 2007, it emerged that Orascom chief executive Naguib Sawiris had appointed a team of investment bankers to study options for Orascom, including a trade auction. Valued at about $17 billion (£8.4 billion), including debt, early discussions had taken place with T-Mobile, and other interested parties according to London's Sunday Times included Vodafone, Spain's Telefonica and France's Orange.[2]
See also
References
- ^ "Orascom Telecom - History". http://www.orascomtelecom.com/about/Contents/default.aspx?ID=765.
- ^ Phone giants line up for $17bn deal The Sunday Times - 9th December, 2007
External links
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