Sentence examples for orascom from inspiring English sources
Smuggled mobiles have been used on Chinese networks near the border for years, but now business is booming for Koryolink, the North's only official cellular network, based in the capital, Pyongyang.The service 75%-owned by Oraservice 75%-owned firm, and 25%-owned by the NOrascomrean statEgyptianne firm 300,000 to 1m subscribers in 18 months.
Egypt's political stability and economic reforms since 2004 have attracted investment too notably the €12.9 billion purchase in December last year of Orascom Cement by Lafarge of France, paid for in Lafarge shares.
It owns 60% of Telecel, a local operator whose licence the government threatened to cancel unless Orascom reduced its ownership to 49%.Other companies are trying to head off the threat by taking the initiative.
At least, unlike most rivals, it has a big parent to keep it going: it is part of Orascom, a conglomerate whose interests stretch from construction to telecoms.Tarot Tour's beach resorts are doing less badly than other bits of the business, despite fierce competition from more stable countries.
In cement, the world's biggest producer, France's Lafarge, bought Orascom Cement of Egypt, and the third-largest, Mexico's Cemex, purchased Rinker, a big Australian rival.
But that is now starting to change, and the industry is preparing for a round of consolidation as the operators start to attack each other's markets.The five big operators are MTN of South Africa, MTC of Kuwait, Egypt's Orascom, Etisalat of the United Arab Emirates (UAE) and Vodacom, an Anglo-South African firm.
They will be able to forge deals with aggressive young companies: companies such as Angola's Banco Africano de Investimentos, which is expanding in Europe and Brazil, and Egypt's Orascom Telecom, which is expanding across the Middle East and beyond.
The World Bank's private-financing arm, the International Finance Corporation, said in late July that it would invest $50m in Orascom Construction Industries (OCI), Egypt's largest listed company, and would also lend $200m to one of OCI's subsidiaries, a fertiliser firm.
MTN will now rival Egypt's Orascom Telecom as the biggest mobile operator in Africa and the Middle East.Research In Motion, which narrowly averted the shutdown of its BlackBerry e-mail service two months ago, now faces another lawsuit, this time from Visto, a firm that specialises in technology for mobile e-mailing.
For example Orascom Telecom, a mobile-phone group based in Egypt, is already fighting to protect its investments in Zimbabwe.
With car sales in Russia increasing by around 20% a year, some analysts expect the Russian market to overtake Germany's to become the largest in Europe over the next few years.Lafarge, a French cement-maker, agreed to buy Orascom Construction Industries, an Egyptian rival, for euro8.8 billion ($12.9 billion).
