Egypt’s Orasom considers merging LINKdotNET and MobiNil, buying other companies or selling
Arab Finance is reporting that broadband operator LINKdotNET is considering selling a majority stake to MobiNil, or alternatively merging with other companies operating in the Internet sector.
Both LINKdotNET and MobiNil are subsidiaries of Egypt-based telecoms group Orascom Telecom, although both have separate management teams. Previous reports in November 2008 indicated that, if merged, the two operators could integrate, with MobiNil offering mobile internet services while LINKdotNET would continue as a fixed line internet provider.
Alex Shalaby, MobiNil’s chairman noted that negotiations between the two operators had not reached a conclusion, and stressed that the cellco was considering other acquisition possibilities.