Egypt rejects France Telecom's Mobinil share-buy bid
- Egypt: Wednesday, August 05 - 2009 at 14:00
The Egyptian Financial Supervisory Authority has rejected France Telecom's appeal to buy the remaining shares of the Egyptian Co. for Mobile Services (MobiNil), Bloomberg has reported. France Telecom plans to challenge the decision in the Egyptian Supreme Court, Bertrand Deronchaine, a France Telecom spokesman said.
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