Thursday, January 04, 2007
Extension for Orascom
Communications
Egypt's Orascom Telecom has been granted a three-month extension of the interim licence for its Iraqi subsidiary Iraqna, Orascom Telecom said.The agreement covers the period up to March 31, and does not change the conditions in the license, Orascom Telecom said.The company has invested over $280 million in Iraq since it won its first license there in October 2003. Iraqna had more than 2.5 million active subscribers in September 2006.
