Technology Industry

Industry: Email Alert RSS Feed
Comments

Orascom keen to buy Bouygues Telecom.(FRANCE)

European Telecom, October, 2007

Egypt-based Orascom is apparently interested to purchase French mobile firm Bouygues Telecom if it is offered for sale. However, Orascom CEO Naguib Sawiris stated that his company has not talked with the Bouygues group on this issue.

He added that he was looking for a potential alliance with Iliad for the fourth UMTS cellular phone license being auctioned by the government of France. He also said that Orasocm did intend to bid independently for this license, but eventually decided against it, stating that the price of $854 million was too high. Iliad is the lone French applicant and plans to invest around $2.64 billion on its services if its application succeeds.

Read the rest of this article with a Free Trial at HighBeam Research.
Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:
  1. You are currently: a Guest |
  4.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
CXO UnpluggedSmart Business interviews on BNET

See and hear how senior level executives across the Asia Pacific are developing smart business ideas across a variety of sectors. The focus is on the future, and on how businesses need to evolve.

Brought to you by CBS MoneyWatch.com

advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement