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Mobinil plans sale of wireless towers

May 17, 2014 3:23 am

French phone company which has diversified into Africa and the Middle East, Orange has said its Egyptian mobile carrier Mobinil is “well advanced” in a process to sell some of its wireless towers, Bloomberg has reported. Talks about divesting network infrastructure sites are heading into the final stage, Sebastien Audra, a spokesman for the Paris-based company, told the news service. Orange declined to name potential buyers or say how many towers are being sold.