Thu02232012

Last update05:56:57 PM GMT

Middle East

Saudi Telecom to announce dual-carrier network

Saudi Telecom to announce dual-carrier networkSaudi Telecom has collaborated with Novatel Wireless to turn out its first business dual-carrier network HSPA+ in the county.

By Novatel’s modem Ovation MC545, a HSPA+ carrier will offer STC’s 3G users access to broadcast which speed of up to an utmost of 42 megabits for a second. The operator is presently accessible in eight cities of Saudi Arabian.

Read more...

Orascom Telecom Slumps as Sawiris ‘Not Optimistic’ on Algeria

Orascom Telecom Slumps as Sawiris ‘Not Optimistic’ on AlgeriaOrascom Telecom Holding SAE slid probably the most in much more than two months as Chairman Naguib Sawiris said the biggest mobile-phone operator in the Middle East by users probably won’t be able to resolve its tax dispute with Algeria.

Read more...

Orascom Telecom Shares in London Falls to 2-Year Lower on Egypt

Orascom Telecom Shares in London Falls to 2-Year Lower on EgyptOrascom Telecom Holding S.A.E., the greatest mobile-phone operator in the Center East by customers, and Orascom Construction Industries, dropped in London trade as dispute in Egypt insisting the president resign persisted.

Orascom Telecom’s global depository receipts retreated 5.2 percent to $2.997, the cheapest intraday level since March 2009, at 8:38 a.m. working in London. Orascom Development, Egypt’s biggest publicly operated builder, tumbled 4.6 percent to $33.20. Egypt’s stock marketplace was closed to get a second day.

Read more...