Mobinil buys LINKdotNET, Link Egypt

INTERNET

|
Image: By LINKdotNET
Mobinil buys LINKdotNET, Link Egypt

Orascom Telecom Holding (OTH) has concluded the sale of its internet services arm LINKdotNET and Link Egypt to Mobinil for USD130 million.

The sale excludes the non-ISP part of Link Egypt’ s business and affects LINKdotNET’ s Egyptian operations only. The other non-connectivity business, LINK Development, LINKonLINE, Connect Ads, Arab Finance Brokerage Company and Arpu+ will remain owned by OTH.

In a statement, OTH said the sale would allow Mobinil to extend broadband and corporate communications services to its more than 26 million customers; and create value for its shareholders and its 3,500 employees.

Khaled Bichara, Group Chief Executive Officer of OTH, said: “ We are delighted to have concluded this deal. As per the trend in the global telecom industry, the convergence between ISP’ s and operators clearly enhances the value for both businesses and enriches the value offering to their consumers.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE INTERNET NEWS

Samsung to ride on Safaricom 3G to boost smart TV uptake

Samsung is partnering with Safaricom to reward buyers of Smart TVs with a free 3G dongle, to encourage usage of the product’s Internet-supported features such as Youtube and Skype, which will be available in the Kenyan market later this year.  Read More

AccessKenya appoints Regional Manager for Mombasa

AccessKenya Group has announced the appointment of Peter Koinange as the new Regional Manager for its Mombasa office. Read More

iWayAfrica Uganda launches high speed fibre access to SME customers

Pan African telecoms operator, Gondwana International Networks (GIN) has announced that its iWayAfrica Uganda business has launched its new fibre connectivity service in Uganda. Read More

Jobberman Ghana names brand ambassador

Jobberman Ghana, a jobs advertisement website, has launched its services and outdoored its Brand Ambassador at a ceremony in Accra.  Read More

Online platform to target Kenyans in Diaspora

Plans are underway to establish an online platform to help Kenyans in Diaspora access vital documents and government services.   Read More

Iconway introduces online shopping service with launch of PricePadi.com

Nigerian consumer internet company, Iconway today announces the launch of PricePadi.com, a new online shopping service that allows customers to search for and discover products available from different sources in Nigeria. Read More

NIG warns NCC against national frequency allocation

The Nigeria Internet Group (NIG) has warned the Nigerian Communications Commission (NCC) against allocating national frequencies to operators. Read More

DRC capital’s online media audiences increase

The internet media’s audiences in Kinshasa, the capital of the Democratic Republic of Congo (DRC), have gone up by 7% in 2014 to reach 35%. Read More

IoT and the channel: good news and bad news

The Internet of Things (IoT) is set to create new business opportunities by making business processes more efficient while at the same time making channel business a bit more difficult, says Rectron. Read More

Ghana IT gets a boost with Surfline 4G LTE

Ghana’s internet growth is about is about to witness another massive boost as Surfline Communications Limited makes inroads into the ICT sector with the official introduction of its 4G Long-Term Evolution network in Accra. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Safaricom-Equity battle for mobile banking hots up Safaricom-Equity battle for mobile banking hots up

Equity bank's entry to the mobile banking and telephony industry is still hanging in the balance with London-based global association of mobile operators (GSMA) calling for independent audit. 

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya rolls out e-extension to improve agriculture

In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.