July 22nd, 2008

OT Ventures Into Canada

Orascom Telecom Holding (OTH) announced today its participation in a consortium to create a new Canadian owned and controlled wireless operator. The new Canadian wireless operator has provisionally won Advanced Wireless Services (AWS) spectrum in Canada. A spectrum licence will only be awarded to the consortium if final regulatory approval is granted by Industry Canada.

June 2nd, 2008
EL Sewedy Cables to Establish Power Cables Factory in Qatar

As part of its strategy to expand production facilities in the Middle East and Africa, El Sewedy Cables announced today that it will establish a plant in Qatar for the production of power cables including low, medium, high, and extra high voltage cables.

May 29th, 2008

OCI Releases 1Q08 Consolidated KPIs

Orascom Construction Industries (OCI) released today its 1Q08 KPIs showing healthy growth in top line and improvement in margins which translated into impressive bottom line growth. The bottom line was inflated by USD255 million of capital gains from the sale of the company's stake in Egyptian Container Handling Company.
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