Monday, May 18, 2009

Egypt's Orascom Telecom buys $140 million of Mobilink's debt


CAIRO (May 11 2009): Egypt's Orascom Telecom said on Sunday its Pakistan unit had repurchased up to $140 million in senior notes at a 27 percent discount to face value. The unit, Pakistan Mobile Communications Limited (Mobilink), will spend around $100.6 million to buy back almost $138 million of senior notes due in 2013, OT said in a statement....

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