Feb 09 2012 |
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Egypt's Mobinil: Has No Information About Possible OTMT, FT Sale Talks
Thursday, Feb 09, 2012
DUBAI (Zawya Dow Jones)--Shares of the Egyptian Co. for Mobile Services, or Mobinil , rallied 10% Thursday on speculation that Orascom Telecom Media and Technology, or OTMT, is in talks with France Telecom (FTE) over selling its stake in Mobinil .
"There was no information communicated to us about the matter," Zeyad Mourad, Mobinil 's spokesman told Zawya Dow Jones by telephone. "Nothing formal was sent to us over any changes in the future of Mobinil ."
Mobinil shares closed up 10% at EGP137.89 in Cairo trading Thursday.
-By Shereen El Gazzar, Dow Jones Newswires; +971 444 61684; Shereen.elgazzar@dowjones.com
(END) Dow Jones Newswires
09-02-12 1417GMT
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