France Telecom Gets Approval for Mobinil Offer

PARIS -- The Egyptian Financial Supervisory Authority (EFSA) has authorized on April 22, 2012 FranceTelecom, through its subsidiary MT Telecom SCRL, to launch a mandatory tender offer to buy ECMS shares at a price of 202.5 Egyptian pounds per share. The offer submitted on April 12, 2012 aims at the 58.6 million ECMS shares not held directly or indirectly by France Télécom as it was agreed that Orascom Telecom Media and Technology Holding S .A.E (OTMT) would retain a 5% direct stake in ECMS. The offer will be open for the period from April 24, 2012 to May 23, 2012.

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