Wednesday, 14 January 2009

Orascom buys Cell One in Namibia

Orascom bought mobile-phone company Cell One in Namibia from Powercom for $59 million. Cell One has 198,000 subscribers and a 20 percent share of the Namibian market. Looks like they intend not only to be the biggest Telecom in the Arab countries we follow but Africa as well.

Orascoms stock is still up nearly 20 percent since mid-December.

No comments: