Orange Group CEO says MobiNil could offer stake on EGX or to local partner in 2016

Mergers, Acquisitions and Financial Results

French telecoms giant Orange Group has reportedly revealed that its Egyptian subsidiary MobiNil could offer a stake of between 10% and 15% on the Egyptian Exchange (EGX) in 2016.

According to the Cairo Post, the plans were unveiled by Orange Group CEO Stephane Richard who was speaking at a news conference in Cairo. Meanwhile, the executive is also said to have revealed that his company could consider selling a stake in the Egyptian cellco to a local partner.

Source: Telegeography