TAG | LINKdotNET
The Egyptian Company for Mobile Services (Mobinil) has announced its acquisition of LINKdotNET, the leading private-sector Egyptian internet service provider, from InTouch Communications S.A.E., a subsidiary of Orascom Telecom Holding (OTH), in a landmark deal which will improve customers’ access to a wide array of integrated communications services, will create high value for shareholders, and will benefit Egypt’s telecom sector and the country’s overall economy. (more…)
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Orascom Completes Sale of Egyptian Internet Services Provider
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Orascom Telecom Holding (OTH) has concluded the previously announced sale of its internet services arm LINKdotNET and Link Egypt (“LINK”) to the mobile network operator, Mobinil. The sale excludes the non-ISP part of Link Egypt’s business and affects LINKdotNET’s Egyptian operations only. The other non-connectivity business, LINK Development, LINKonLINE, Connect Ads, Arab Finance Brokerage Company and Arpu+ will remain owned by OTH.
The deal is a cash transaction based on an enterprise value of US$130 million. The business represents 56% and 90% of the revenue and EBITDA of OTH Internet Services respectively.
The sale is expected to allow Mobinil to extend broadband and corporate communications services to its more than 26 million customers.
Khaled Bichara, Group Chief Executive Officer of OTH, said: “We are delighted to have concluded this deal. As per the trend in the global telecom industry, the convergence between ISP’s and operators clearly enhances the value for both businesses and enriches the value offering to their consumers.”
Source: Cellular-news.com
The successful restructuring of the organization of Wind Telecomunicazioni S.p.A is just some of the many things for which Khaled Bichara has become respected for.
A graduate of the American University in Cairo, few people will question Khaled Bichara’s ability to read the trend of business market and adapt to the situation accordingly. With a major in computer science and a minor in business administration, Khaled Bichara has accumulated over the last 15 years a wealth of experience that very few people can boast of having. (more…)
When at 25, Khaled Bichara started out as chairman of LINKdotNET he knew that he would have a problem. For most people, a 25 year old CEO of the company was not a very common event. According to Khaled Bichara, during the early years of his company’s growth he was always probed by potential investors or customers whenever he ran into them. More often than not, they would ask him where the GM of the company was.
“They wanted an old gray-haired person to talk to.” Explains Khaled Bichara. (more…)
Khaled Bichara is the CEO of Orascom Telecom Holdings. Orascom Telecom Holding is a multilingual telecommunication company. With operators in Africa, Europe, North America and the Middle East it is considered to be one of the largest network operator in the world. The company is managed by Weather Investments S.P.A.
Khaled Bichara has been the CEO of Orascom Telecom since November 2009. The appointment was announced 8 months after Khaled Bichara’s appointment as COO. Khaled Bichara’s current appointment marks a long working relationship that has spanned 10 years since his first appointment in 2000 as the company’s Chief Internet strategist. Khaled Bichara joined the board during this period. (more…)
Education · IT · LINKdotNET
Much has been said about Khaled Bichara but very little of can be described as bad.
Born in 1971, the story behind Khaled Bichara has been one detailing a path of success.
When asked about Khaled Bichara, Ramy Abdallah, the Vice president of corporate and international sales at LINKdotNET offered an interesting insight. (more…)