Egypt rejects France Telecom unit Mobinil offer
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Egypt rejects France Telecom unit Mobinil offer UPDATED 16 Jul 2009 | 12:36  
Egypt rejects France Telecom unit Mobinil offer

CAIRO (Reuters) - Egypt's regulator rejected on Thursday the third offer made by France Telecom to buy outstanding shares in Egyptian mobile operator Mobinil, the Egyptian stock exchange said on Thursday.

"The Egyptian Financial Supervisory Authority has rejected the tender offer represented by Orange Participations, totally owned by France Telecom, to buy up to 100 percent of Egyptian Company for Mobile Services," also known as Mobinil, the bourse statement said.

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