Mobinil buys LINKdotNET, Link Egypt
INTERNET
By BiztechAfrica - July 8, 2010, 4:25 p.m.
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.”
MORE INTERNET NEWS
Dollar-a-month broadband can change Africa
The Microsoft-led 4Afrika TV white spaces project, taking broadband to rural people for as little as a dollar a month, is now expanding in Kenya and launching in Tanzania. Read MoreYouth get ITU focus
ITU has partnered with the Kofi Annan Foundation and One Young World to launch the ‘Kofi Annan Dialogues: LIVE’ at WSIS Forum 2013. Read MoreITU appoints Nigeria’s First Lady as its Child Online Protection Champion
The Secretary-General of ITU Dr Hamadoun I. Touré, has appointed the First Lady of Nigeria and President of the African First Ladies Peace Mission, Her Excellency Dame Patience Goodluck Jonathan, as ITU’s Child Online Protection (COP) Champion. Read MoreBT, SOS launch Connecting Africa project
BT has announced its 'Connecting Africa' project, which will bring broadband internet access to communities across Africa. Read MoreZimbabwe set for first broadband forum
Zimbabwe’s first Broadband Forum will take place on Friday at Cresta Lodge in the capital, Harare. Read MoreSocial media promotes Fast4Hunger challenge
Non-profit Africare is using social media to encourage a fasting pledge from participants around the world to heighten awareness of the plight of food insecure families in developing nations. Read MoreAfrican internet pioneers targeted for .africa
As the likely administrator of the new .africa generic Top Level Domain (gTLD), the ZA Central Registry (ZACR) has embarked on an awareness programme targeting Africa's best known brands. Read MoreWhy we cannot ignore the impact of a virtualised business market
One of the fundamental aspects affecting Cloud services is connectivity, says Bradley Love, MD of Network Platforms. Read MoreUniversal Service Funds to drive broadband in Africa
This week’s Intel Africa Universal Service Funds (USF) & Broadband Leaders Forum will focus on programmes to boost African broadband. Read MoreAccessKenya to resell SEACOM Cloud Services
The AccessKenya Group has signed a partnership with Pamoja Cloud Services Limited, a value additions arm of Pan African ICT enabler SEACOM, to provide a host of cloud services to the Kenyan market. Read MoreRELATED STORIES
FEATURED STORY
ICT opens doors for Kenyan slum dwellersA Nairobi based group is equipping high school girls from Nairobi's slums with ICT skills to help them participate meaningfully in building the economy.
BEST READ NEWS
IN DEPTH
Dollar-a-month broadband can change AfricaThe Microsoft-led 4Afrika TV white spaces project, taking broadband to rural people for as little as a dollar a month, is now expanding in Kenya and launching in Tanzania.