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

Search News

comments powered by Disqus

MORE INTERNET NEWS

SEACOM adds peering points in Europe and Africa

SEACOM has added the Deutscher Commercial Internet Exchange (DE-CIX) in Marseille and France Internet Exchange (FranceIX) in Paris to the growing list of European Internet exchange points at which it peers.  Read More

Adapting and adopting the new digital workplace

Anton Jacobsz The explosion of smartphones, tablets and Internet of Things (IoT) devices is transforming the way we communicate, consume services, and manage our personal lives.  Read More

Cisco: MEA to have world’s highest IP traffic growth

Mike Weston, Vice President, Cisco Middle East The MEA region will see a 6-fold growth in IP traffic - the highest growth rate in the world (CAGR of 41%) from 2015–2020, says Cisco. Read More

Ericsson launches 5G Plug-Ins to equip today’s networks for 5G

New Ericsson 5G Plug-Ins address diverse 5G use cases from mobile HD video, driverless buses and haptic feedback-enabled drones to fiber-equivalent residential wireless access. Read More

US judge rules DCA claims deficient

A US court has this week granted the ZA Central Registry's (ZACR's) motion to dismiss all claims against it by DotConnectAfrica Trust (DCA).  Read More

Private sector should push connectivity

Botswana’s Minister of Transport and Communication, Tshenolo Mabeo, has urged Africa to look at broadband seriously. Read More

IHS: over 8 Billion connected devices globally

A new IHS report says there are 8 billion connected devices globally, equating to four devices per household. Read More

Content at the speed of your imagination

Mellanox Technologies says evolution in the media and entertainment industry requires a higher resolution and drives the need for networking technologies that can stream more bits per second in real-time. Read More

Brown seeks stronger, better internet for Africa

AfNOG convenor Dr Nii Quaynor, Biztechafrica’s John Churu and ISOC’s Kathy Brown The Internet is everything, the Chief Executive Officer for the international internet body Internet Society (ISOC), Kathy Brown, has told the Africa Internet Summit now underway in Gaborone.  Read More

Addax migrates data to Rack Centre for co-location, redundancy

Addax Petroleum has successfully completed the migration of its business data to Rack Centre’s world class data centre. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

Government should encourage youths in ICT earlyGovernment should encourage youths in ICT early

Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Tigo Business – Building trusted business partner relationships with clients

Tigo Business has increased and empowered its account management team to improve its overall customer service experience.