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Orange Egypt approves capital increase to EGP 16.4bn

The Board of Directors of Orange Egypt agreed to increase the issued capital of the company from EGP 1bn to EGP 16.4bn in nominal value per share at a meeting of the Board of Directors on Friday, 3 November. The Board of Directors also approved the increase of the authorized company’s capital from EGP 3bn …

Daily News Egypt

Orange appeals verdict compelling it to pay EGP 49m compensation to TE

Orange Egypt announced that it appealed the verdict issued against it on Saturday to pay a financial compensation worth EGP 49m to Telecom Egypt (TE) for the losses resulting from rerouting international calls. In its press release, Orange said that it is certain of the integrity of its legal situation and will take all necessary …

Daily News Egypt

Orange awaits 4G frequencies to launch new services

Jean-Marc Harion, CEO of Orange Egypt, said that the launch of 4G services in Egypt will contribute to easing the pressure on 3G and 2G frequencies, and improving the quality of services provided to its customers. He added that Orange’s current mobile network speed reaches about 32 Mbps, while it reached more than 100 Mbps …

Mohamed Alaa El-Din

Orange Egypt net losses decrease by 63.3% in 2016

    Orange Egypt’s consolidated financial results showed a decrease of 63.3% in net losses for 2016, according to the company’s stock exchange statement. The company’s net losses in the first six months of 2016 went down to EGP 33.4m, compared to losses amounting to EGP 91.1m in the same period of 2015. On the …

Mohamed Samir

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