Egypt’s Orascom Telecom Debt Rating Affirmed
The affirmation follows the recent announcements of Orascom’s sale of 100% of Iraq-based subsidiary Iraqna Company for Mobile Services (Iraqna) for $1.2 billion and its 14.2% remaining stake in Hutchison Telecommunications International Ltd (HTIL), which over time will boost Orascom’s liquidity, following completion and receipt of funds.
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