Israel/Palestine

King_David

(14,851 posts) Sat Jun 6, 2015, 08:41 AM Jun 2015

Orange Wants to Increase Stake in Moroccan Subsidiary Meditel: CEO

Rabat – French telecoms operator Orange is planning to sell shares in its Egyptian unit Mobinil to bring in new investors and increase its stake in Meditel.

Chief Executive Stephane Richard told Reuters that Egyptian mobile telecoms operator Mobinil, which is 99 per cent owned by Orange, would offer 10 to 15 per cent of its shares on the Cairo bourse or sell a stake to a local partner in 2016.

Richard also said that Orange would increase its stake in its Moroccan subsidiary Meditel to 49 per cent from 40 per cent as soon as possible.

The company’s strategy has been to create a separate unit to regroup the African and Middle Eastern operations to make them more visible to investors and to run them more efficiently.

http://www.moroccoworldnews.com/2015/06/160090/orange-wants-to-increase-stake-in-moroccan-subsidiary-meditel-ceo/

4 replies

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Orange Wants to Increase Stake in Moroccan Subsidiary Meditel: CEO (Original Post) King_David Jun 2015 OP

The real reason for Richard's remarks on disinvestment from Israel. King_David Jun 2015 #1

Okay, no lie... that's pretty fucking hypocritical, yeah Scootaloo Jun 2015 #2

Well yeah, that's the BDS movement in a nutshell. n/t shira Jun 2015 #3

Not at all Scootaloo Jun 2015 #4

King_David

(14,851 posts)

1. The real reason for Richard's remarks on disinvestment from Israel.

Reply to King_David (Original post)

Sat Jun 6, 2015, 08:43 AM

Jun 2015

That is before he retreated with his tail between his legs and apologized for making such remarks.

Scootaloo

(25,699 posts)

2. Okay, no lie... that's pretty fucking hypocritical, yeah

Reply to King_David (Original post)

Sat Jun 6, 2015, 03:55 PM

Jun 2015

After all Morocco is conducting a pretty grptesque occupation of its own in Western sahara.

shira

(30,109 posts)

3. Well yeah, that's the BDS movement in a nutshell. n/t

Reply to Scootaloo (Reply #2)

Sat Jun 6, 2015, 04:53 PM

Jun 2015

Scootaloo

(25,699 posts)

4. Not at all

Reply to shira (Reply #3)

Sat Jun 6, 2015, 05:34 PM

Jun 2015

BDS focuses on Israel, the same way Free Tibet focuses on china. Free Tibet is not hypocritical for not diverting its attention to what Indonesia is doing in Papua. BDS is not hypocritical for not diverting its attention to what Russia is doing in Ukraine, etc.

BDS simply is not involved in Morocco - Orange, on the other hand is. And if this story is true (I see no immediate reason it wouldn't be) then we have a case of Orange talking about divesting from one brutal occupier while at the same time expanding contracts with another brutal occupier.

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