MOVES- Shake up at Orange Egypt: Orange Egypt Chairman Atef Helmy’s has resigned from his position, according to a bourse statement by the company’s board. The board appointed Bruno Mettling, who had previously served as Vice Chairman, as Helmy’s successor. No explanation was given as to the sudden departure of the former ICT Minister, which comes just as the company is on the verge of announcing it is launching 4G services. Former Investment Minister Osama Saleh also resigned from the board Orange Egypt, while Michel Monzani was appointment as Vice Chairman.

The board of directors also approved a EUR 250 mn loan from parent company MT Telecom SCRL, which the company plans towards updating and strengthening its network ahead of launching 4G services, Senior PR Manager Hala Abdel-Wadood tells Al Mal.

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