Telecompaper, citing a Reuters report, notes that Egypt’s regulator has rejected the third offer made by France Telecom to buy outstanding shares in Egyptian mobile operator Mobinil. In a statement, the Egyptian Financial Supervisory Authority said it rejected the tender offer represented by Orange Participations, totally owned by France Telecom, to buy up to 100 percent of Mobinil.
Egypt regulator rejects FT offer for Mobinil
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