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Orascom may bid for Orange Switzerland

18 октября 2011

Egyptian telecommunications company Orascom Telecom Holding SAE could bid for France Telecom SA's mobile telephony unit Orange.

According to Swiss weekly SonntagsZeitung, Orascom is planning to expand in Switzerland.

"I can confirm that my brother plans to expand in Switzerland and Austria," Samih Sawiris, CEO of Orascom Development Holding and brother of Naguib Sawiris, chairman of Orascom Telecom, told the newspaper.

Orascom Telecom couldn't be immediately reached for comment.

Likewise, NZZ am Sonntag writes that Naguib Sawiris has asked for Orange's sale document from France Telecom.

Orange has been put on the block after the unit failed to merge its operations with Swiss peer Sunrise.

Источник: Total Telecom

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