Mobinil completes Link acquisition
Mobinil completes its purchase of ISP LINKdotNET from Orascom Telecom
Mobile operator Mobinil has acquired the Egyptian operation of ISPs LINKdotNET and Link Egypt from InTouch Communications, a subsidiary of Orascom Telecom, for $130 million.
The sale excludes the non-ISP part of Link Egypt's business and LINKdotNET's non-Egyptian operations.
Mobinil expects to benefit from various synergies and savings from the acquisition, through combined offerings, expansion of distribution channels and the consolidation of web sites and billing systems.
Khaled Bichara, group chief executive officer of Orascom Telecom, said: "As per the trend in the global telecom industry, the convergence between ISP's and operators clearly enhances the value for both businesses."