UPDATE: Mobinil to offer stake on EGX or to local partner in 2016 , says Orange CEO

 The chief executive of French telecoms operator Orange said on Wednesday that Egyptian subsidiary Mobinil would offer 10 to 15 percent of its stock on the Cairo Stock Exchange or sell a stake to a local partner in 2016.

Stephane Richard also said at a news conference in the Egyptian capital Cairo that Orange would increase its stake in a Moroccan subsidiary to 49 percent from 40 percent, as part of plans to expand in North Africa.

Related Articles

Back to top button