France Telecom’s Approved Mobinil Takeover Sparks Debate in Egypt

Egypt’s Financial Regulatory Authority has approved France Telecom’s acquisition of 100% of the Egyptian Company for Mobile Services, known as Mobinil, triggering widespread debate over French acquisitions of Egyptian businesses.

The approval concerns full ownership of the mobile operator, putting the French company’s proposed takeover at the centre of the controversy.

The debate extends beyond Mobinil to the broader question of French companies seeking control of Egyptian firms. The regulator’s decision has brought that issue into sharper focus.

The information provided does not specify the deal’s value or a timetable for completion. Regulatory approval alone does not establish that the acquisition has been finalised.