On May 27,2012, Orange S.A. acquired 94 percent of Mobinil, buying most of the shares it did not already own from its local venture partner, Orascom Telecom Media and Technology (OTMT).
On May 27,2012, Orange acquired 94 percent of Mobinil. Orange bought most of the Mobinil shares it did not already own from its local venture partner, Sawiris's Orascom Telecom Media and Technology (OTMT).