LINKdotNET mulling stake sale, integration options

17 Dec 2008

Arab Finance is reporting that broadband operator LINKdotNET is considering selling a majority stake to Egyptian Company for Mobile Services (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.

Egypt, LINKdotNET (Egypt), Orange Egypt