Orascom Telecom plans to double capital, refinance debt
Orascom Telecom Holding SAE, North Africa's biggest mobile-network operator, said it plans to almost double its capital, refinance debt and set up a company to facilitate a merger with Russia's VimpelCom Ltd.
Orascom Telecom, parent organisation of Pakistan's leading cellular company, is in talks to acquire a microfinance bank in order to enter the financial business and strengthen its appearance in the country.