Cairo – Mubasher: Orascom Telecom Media and Technology Holding (OTMT) said Tuesday that its board has approved the fair value set by El Asema Consultations for its subsidiary, Middle East and North Africa Submarine Cable Systems (MENA Submarine Cable), according to a bourse filing.
Earlier in December, OTMT signed an agreement to sell its direct and indirect stake in MENA Submarine Cable to Network i2i, a subsidiary of Bharti Airtel.
OTMT's stock declined on Monday by 1.45% to EGP 0.68%.
