Orascom Telecom Holding S.A.E. (“OTH”) has announced that it had filed an application with the Egyptian Capital Market Authority and The Egyptian Exchange for the selective repurchase of its shares in light of favorable relative market valuations. Orascom Telecom plans a potential on-market GDR and local shares repurchase plan of up to 65 million shares (13 million GDRs) over the next three months.
