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29 March 2024

Orascom Telecom jumps to two-month high

Orascom Telecom jumps to two-month high. (REUTERS)

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By Staff Writer

Orascom Telecom Holding, the biggest mobile phone operator in the Middle East by users, rose to the highest intra-day level in almost two months after an Egyptian court blocked France Telecom's attempt to gain full control of the Egyptian Company for Mobile Services. The shares jumped 7.6 per cent to EGP6.94.