Cairo – Mubasher: Orascom Telecom Media and Technology Holding (OTMT) confirmed withdrawing from the feed-in tariff projects.
The company said that it had withdrawn from the first stage and had not applied for the second one, according to a bourse filing on Monday.
OTMT added that its feasibility study for the project did not come in line with the expected revenues.
The third quarter's net consolidated losses of the company reached EGP 46.77 million, compared with EGP 3.75 billion losses for the year-ago period, with a 98.7% drop.
