{"id":635470,"date":"2017-12-05T03:53:17","date_gmt":"2017-12-05T03:53:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/"},"modified":"2017-12-05T03:53:17","modified_gmt":"2017-12-05T03:53:17","slug":"te-denies-it-offered-to-acquire-mena-cable-from-otmt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/","title":{"rendered":"TE denies it offered to acquire MENA cable from OTMT"},"content":{"rendered":"

M&A WATCH- TE denies it offered to acquire MENA cable from OTMT:<\/strong> Telecom Egypt has denied submitting an offer to acquire MENA Submarine Cable Systems (MENA) from Orascom Telecom Media and Technology (OTMT) in a bourse filing on Monday (pdf)<\/a>. We had noted reports from Al Borsa yesterday<\/a> citing government sources saying that OTMT\u2019s December 2016 agreement to sell 100% of MENA to Network i2i, a subsidiary of India\u2019s Bharti Airtel, had fallen through due to obstacles in obtaining necessary security clearances. The newspaper claimed that TE was looking to swoop in to link MENA\u2019s cables with its own TE North cable, which connects Egypt to France.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- TE denies it offered to acquire MENA cable from OTMT: Telecom Egypt has denied submitting an offer to acquire MENA Submarine Cable Systems (MENA) from Orascom Telecom Media and Technology (OTMT) in a bourse filing on Monday (pdf). We had noted reports from Al Borsa yesterday citing government sources saying that OTMT\u2019s December […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635470","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"48212ab3-bfe9-44ac-8e38-49de72883611","order":"0","is_powered_by":true,"section_story_id":"a698fd8d-5123-4698-b947-da39059b3194","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635454],"teaser":"","voice_url":""},"yoast_head":"\nTE denies it offered to acquire MENA cable from OTMT - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TE denies it offered to acquire MENA cable from OTMT\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- TE denies it offered to acquire MENA cable from OTMT: Telecom Egypt has denied submitting an offer to acquire MENA Submarine Cable Systems (MENA) from Orascom Telecom Media and Technology (OTMT) in a bourse filing on Monday (pdf). We had noted reports from Al Borsa yesterday citing government sources saying that OTMT\u2019s December […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-05T03:53:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TE denies it offered to acquire MENA cable from OTMT\",\"datePublished\":\"2017-12-05T03:53:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/te-denies-it-offered-to-acquire-mena-cable-from-otmt\/\",\"name\":\"TE denies it offered to acquire MENA cable from OTMT - 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Telecom Egypt has reportedly submitted an offer to acquire MENA Submarine Cable Systems (MENA) from Orascom Telecom Media and Technology (OTMT), unnamed government officials tell Al Borsa. TE is looking to link MENA\u2019s cables with its own TE North\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631879,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/looks-like-te-might-be-going-after-otmts-mena-cables-after-all\/","url_meta":{"origin":635470,"position":1},"title":"Looks like TE might be going after OTMT\u2019s MENA Cables after all","author":"enterpriseam admin","date":"29 March 2018","format":false,"excerpt":"M&A WATCH- It looks like TE might be going after OTMT\u2019s MENA Cables after all. Telecom Egypt said it is trying to arrange financing for a potential investment opportunity in submarine cables. The state-run telecom operator is planning to reduce its proposed dividends to shareholders this year, to EGP 0.25\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629097,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/22\/telecom-egypt-signs-spa-for-acquisition-of-otmts-mena-cables\/","url_meta":{"origin":635470,"position":2},"title":"Telecom Egypt signs SPA for acquisition of OTMT\u2019s MENA Cables","author":"enterpriseam admin","date":"22 May 2018","format":false,"excerpt":"M&A WATCH- TE inks SPA for USD 90 mn acquisition of OTMT\u2019s MENA Cables: Telecom Egypt (TE) subsidiary the Egyptian International Submarine Cables Company (EISCC) has executed a sale and purchase agreement for the USD 90 mn acquisition of Orascom Telecom Media and Technology (OTMT) subsidiary MENA Cables, according to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630708,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/te-reportedly-close-to-signing-efg-hermes-as-adviser-on-mena-cables-acquisition\/","url_meta":{"origin":635470,"position":3},"title":"TE reportedly close to signing EFG Hermes as adviser on MENA Cables acquisition","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"M&A WATCH- Telecom Egypt is reportedly close to tapping EFG Hermes as an adviser on an acquisition of MENA Submarine Cable Systems from the Orascom Telecom Media and Technology (OTMT), sources tell Al Mal. Neither TE or OTMT have publically acknowledged a transaction is in the works. However, TE had\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628888,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/te-mena-cables-reach-final-agreement-on-acquisition\/","url_meta":{"origin":635470,"position":4},"title":"TE, MENA Cables reach final agreement on acquisition","author":"enterpriseam admin","date":"16 May 2018","format":false,"excerpt":"M&A WATCH- TE, MENA Cables reach final agreement on acquisition: Telecom Egypt and MENA Submarine Cables System have reached a final agreement on all the details of TE\u2019s USD 90 mn acquisition of MENA Cables, sources close to the transaction tell Al Mal. 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