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Orascom sells out of Hutchison
- Egypt: Saturday, December 08 - 2007 at 08:32
Hong Kong's Hutchison Whampoa has bought Orascom Telecom's remaining 14.2% stake in Hutchison Telecommunications International, according to agency reports. Hutchison paid HK$11 per share in the deal which is worth around $960m. Egypt's Orascom will use the funds to acquire further licences and operators.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 08 - 2007 at 08:32 UAE local time (GMT+4)
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