Orange Egypt
 | |
| Société anonyme égyptienne (SAE) | |
| Industry | Telecommunications |
| Founded | May 1996 |
| Headquarters | Cairo, Egypt |
Key people | Yves Gauthier (CEO) / Alex Shalaby (Chairman) |
| Products | Mobile phone services |
| Revenue |
 E£10.3 billion (2012)[1] |
| Parent | Orange S.A. |
| Website | www.orange.eg |
Orange Egypt (Egyptian Arabic: اورنچ مصر, Orange Masr), formerly known as Mobinil, is a mobile phone operator in Egypt, founded in 1998.
Network and coverage
Orange Egypt has:[2]
- 99,299 sites
- 36 switches
- 4503 mobile BTSs with:
- 1. Built-in echo cancellers on all switches
- 2. EFR voice clarity enhancement
- 3. State-of-the-art antennas
Orange was the first GSM in Egypt to extend its network services to:[2]
- Underground stations, having installed 17 Micro BTSs covering stations in Cairo.
- Al Azhar Tunnel
- Coverage extends to more than 99% of the Egyptian population.
- Orange has international roaming agreements with 348 operators in 135 countries
- Orange Egypt was the first to establish roaming agreements with the US and Canada, as well as non-GSM Operators in South America extending its services to countries such as Argentina, Brazil, Peru, and The Philippines, to name a few.
- Orange Egypt offers roaming with satellite operators such as Al-Thuraya.
Recent changes
On September 21, 2011, Yves Gauthier has been appointed the new chief executive officer (CEO) of Mobinil, a change that took effect on November 15 of the same year. This followed the resignation of Hassan Kabbani.
On February 13, 2012, Orange announced its intent to buy Sawiris' biggest share in Mobinil for about $2 billion which could be the end of the long-standing dispute between the company's major shareholders.
On May 27, 2012, Orange acquired 94 percent of Mobinil. Orange bought most of the Mobinil shares it did not already own from its local venture partner, Sawiris's Orascom Telecom Media and Technology (OTMT). Orange executed its purchase of 93.9 million shares of the 100 million outstanding at a pre-agreed price of E£202.5 each, for a total transaction value of E£19 billion ($3.15 billion). Sawiris agreed to keep a 5 percent stake in Mobinil.[3]
In February 2015, an agreement was reached between Orange and OTMT where OTMT, then holder of 5% of Mobinil's shares, sold all its shares and voting rights in the company to Orange SA, thus raising Orange's ownership in Mobinil to 98.92%.
On March 8, 2016, Mobinil was officially rebranded to Orange.
See also
References
- ↑ "Financial indicators in Egypt". Orange. 2013-06-13. Retrieved 2013-08-10.
- 1 2 Mobinil – Company Profile
- ↑ "France Telecom acquires 94 pct of Egypt's Mobinil". Reuters. 2012-05-27. Retrieved 2013-08-04.
External links
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