Egypt’s OIH looks to exit remaining telecoms investments

M&A WATCH- OIH looks to exit remaining telecoms investments: Orascom Investment Holding (OIH) is planning to sell off its submarine cable in Pakistan as the company moves to exit its legacy investments in the telecoms industry from when OIH was branded as Orascom Telecom Media and Technology, OIH Chairman Naguib Sawiris told Sky News Arabia (watch, runtime: 6:01). The divestment comes as OIH moves ahead with a horizontal demerger to split its operations in the financial services industry and other sectors.