On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Egyptian telecoms group Orascom Telecom has reported a first half revenue of USD2.652 billion, a 19% increase on the same period of 2007. In the six months ended 30 June 2008 Orascom reported a 22% improvement in EBITDA, to EGP1.16 billion, although net income for the period declined 4% to EGP276 million.

- France Telecom (FT) has announced that it intends to invest at least KES8 billion (US$112 million) a year into Telkom Kenya as it works to transform the company into Kenya's leading integrated telecommunications provider.