Bloomberg News

Orascom Telecom Q4 Loss Shrinks to $83M vs $170M Year Earlier

March 12, 2012

Orascom Telecom Holding SAE (ORTE), North Africa’s biggest mobile phone company, made a fourth-quarter loss before minority interest of $83 million, compared to a loss of $170 million during the same period a year earlier.

Net income attributable to shareholders for the year 2011 was $661 million, Orascom Telecom said in an e-mailed statement.

To contact the editor responsible for this story: Blanche Gatt at bgatt@bloomberg.net


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