France Telecom (FT) has once again appealed against the rejection of a bid for the remaining shares in Egyptian mobile operator, MobiNil, notes TeleGeography, citing a Bloomberg report. The move comes after the Egyptian Capital Market Authority rebuffed FT’s third offer for the outstanding stake; the French company’s previous appeal was rejected on 4 August. A committee will rule on the appeal within 60 days. FT has also indicated it may pursue the matter through the Egyptian Supreme Court.
FT announces third appeal against MobiNil stake offer rejection
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