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Memorandum of understanding signed with the Egyptian authorities
December 4, 2007
PARIS -- On December 4, 2007, Tarek Kamel, the Egyptian Communications and Information Minister and Didier Lombard, the France Telecom Group's Chairman and Chief Executive Officer, were guests of honor at the ceremony to sign the memorandum of understanding, officially recognizing the creation of the new Orange Lab, which will be launched on January 3, 2008 in Cairo.
The creation of the Cairo Orange Lab will allow the France Telecom Group to expand its presence in Egypt, a country where France Telecom is already present since 1998 through Mobinil and Orange Business Servicers. France Télécom is the main shareholder of Mobinil, which is the first mobile operator in Egypt with 14 million customers. Orange Business Services, dedicated to communication services to multinational companies has 1500 engineers in Cairo and is serving approximately 150 multinational companies, as well as around 50 airlines. With the new Cairo Orange Lab, the Group has now 18 Orange Labs around the world.
Orange (NYSE: FTE)
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