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Thinking big.
(From Arabies Trends)
Where is Orascom headed?
In the Middle East, the last available licenses are in Saudi Arabia and Oman. Oman doesn't fall into our strategy because it's a small market; we're now concentrating on markets with big populations. The fact is that the Middle East is now done. There is only the Saudi Arabian license, then there are no more. Therefore, our thinking now is that we will move forward. We will look at Asia. We'll look at some markets in Asia, further markets in the Russian republics, Muslim countries and mainly where the cooperation is high and there is still a chance to go out there and get 2-3 million subscribers in a country. If this is not available, we will not go.
Isn't there a risk of repeating the
mistakes of the past?
No, because all our big markets are mature and they are pumping cash. Actually, the question is not that. The question is: 'Next year, do we keep the cash?' We either expand and get more growth, or we give it back as a dividend. There is no risk anymore.
What markets are you looking at now?
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- Newspaper article from: Middle East and North Africa Business Report January 9, 2006 700+ words
Jan. 9--Booming Middle East cellular market tipped to overtake Asia-Pacific in mobile penetration...cellular market in the Middle East and the Asia-Pacific, and forecast that the Middle East will surpass the Asia-Pacific in terms of...
- Under pressure on all fronts. (status of petrochemical industries in Asia and...
- Magazine article from: MEED Middle East Economic Digest Ash, Toby April 24, 1998 700+ words
...it is not all bad news for Middle East producers. The economic turmoil affecting much of Asia is being watched with some concern by Middle East petrochemical producers...production is targeted at Asia and with a number of new...
