Orascom Telecom Holding S.A.E. (OTH)

    Orascom Telecom Holding S.A.E. (“Orascom Telecom” or “OTH”) was established in 1998 and has grown to become a major player in the global telecommunications market. OTH is considered among the largest and most diversified network operators in the Middle East, Africa, and South East Asia. Orascom Telecom is a leading mobile telecommunications company operating in seven emerging markets having a population under license of 460 million with an average penetration of mobile telephony across all markets of approximately 33%. OTH operates GSM networks in Algeria (Djezzy), Pakistan (Mobilink), Egypt (Mobinil), Tunisia (Tunisiana), Iraq (Iraqna), Bangladesh (Banglalink) and Zimbabwe (Telecel Zimbabwe). OTH had more than 61 million subscribers as of June 2007.

	OTH's first operation was the Egyptian Company for Mobile Services commonly known as (“Mobinil”). Mobinil is a market leader serving almost 12 million subscribers representing a market share of 50.2% (as of June 2007). Mobinil is one of Egypt's five largest companies in terms of market capitalization. It is also among Egypt's five most heavily traded companies by value on Cairo & Alexandria Stock Exchange (“CASE”).
	OTH witnessed success as Orascom Telecom Algeria SPA (“Djezzy”) was launched in February 2002. It grew to become the market leader in terms of both subscriber numbers as well as the quality of telecommunications services provided. Djezzy serves almost 12 million subscribers on its network and has a 66% market share (as of June 2007).
	Orascom Telecom Tunisie (“Tunisiana”) launched its services in December 2002, and serves over 3 million subscribers on its network with a growing market share of 47% (as of June 2007).
	In Pakistan, the Pakistan Mobile communications Ltd (“Mobilink”) started its operations in 1994 and, until early 2001, had a market share of 40%. In April 2001, OTH took over management control of the company. As the market leader, Mobilink serves more than 26million subscribers, representing a market share of 41.9% (as of June 2007).
	In December 2003, Orascom Telecom Iraq Corp. (Iraqna) launched its initial phase of network after being awarded the first license for the central region in Iraq. Iraqna's has reached over 2.8 million subscribers (as of June 2007).
	In September 2004, OTH purchased 100% of Sheba Telecom (Pvt.) Limited in Bangladesh. OTH re-branded and launched its services as "Banglalink" in February 2005. Immediately after the launch, OTH started its aggressive plans to develop Banglalink into a leader in the mobile sector by rapidly expanding its GSM network to provide high quality communications services at affordable prices. Banglalink serves over 5.1 million subscribers with a 17.9% market share (as of June 2007).
OTH has positioned itself as a leader in the region for its diverse GSM operations with various GSM support and Internet operations. One of OTH's main strategies is to create its own non- GSM subsidiaries to act as a backbone of support for its regional GSM operations. OTH has achieved this by dedicating financial, technical and management resources for supporting its subsidiaries. This includes network support and installation of GSM operations, equipment procurement, handset procurement and distribution companies, Value Added Services, and Internet operations. OTH is dedicated to providing the best quality services to its customers, value to shareholders and a dynamic working environment for its nearly 20,000 employees.
OTH established a strong presence in the GSM Association (the world's leading wireless industry representative body) only five years after its inception. OTH's Chairman and CEO, Mr. Naguib Sawiris, was selected to join the GSM Association's CEO Board in 2002. OTH's stocks are traded on the Cairo and Alexandria Stock Exchange (CASE), (under the symbol ORTE.CA, ORAT EY) and London Stock Exchange (where its GDR is traded under the symbol ORTEq.L, OTLD LI). OTH is the largest capitalized company on the Cairo and Alexandria Stock Exchange.
	On 21 December 2005, Hutchison Whampoa Limited (HWL) and OTH jointly announced a comprehensive global strategic alignment of their mobile businesses in emerging markets as a result of OTH's acquisition of a 19.3% stake in Hutchison Telecommunications International Limited (Hutchison Telecom) from HWL. The total purchase price was HK $10.1 billion (US$ 1.3 billion) or the equivalent of HK$11 per Hutchison Telecom share. Hutchison Telecom has different coverage areas than OTH with operations in countries mainly in Asia including Indonesia, and Vietnam.

Web site : www.orascomtelecom.com