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Egypt Stock Market Pauses Trading on OTMT, MobiNil
Published Feb 13, 2012
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The Egyptian stock market suspended trading in Orascom Telecom Media and Technology (OTMT) and MobiNil's shares pending issuance of a joint statement by MobiNil's shareholders, OTMT and France Telecom over MobiNil's fate. "The management of the Egyptian stock exchange has decided to continue suspending (OTMT's) shares as of February 12 and until the company sends a joint statement with France Telecom regarding the future of MobiNil," the bourse said. OTMT said last week it was in discussions with France Telecom over the future of their Egyptian cellphone venture, MobiNil.
Posted by
VMD - [Virtual Marketing Department]
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