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Mobinil, Telecom Egypt & Vodafone Egypt submit bids for Link Egypt

link_egypt_logoMobinil, Telecom Egypt and Vodafone Egypt have submitted their respective bids to acquire Link Egypt, an information technology unit of Orascom Telecom. According to OT’ CEO, Khaled Bichara, two other unnamed firms have submitted bids before the deadline.
Bichara said five firms had already completed due diligence on Link Egypt, and that OT and consultant EFG-Hermes would begin examining the bids.

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