CAIRO: Mobinil, Telecom Egypt and Vodafone Egypt have submitted bids to buy Link Egypt, an information technology unit of Orascom Telecom, the daily Al-Mal reported on Tuesday.
Two other unnamed financial institutions have also submitted bids by the Monday deadline, according to the paper, citing OT s Chief Operating Officer Khaled Bichara.
Mobinil is Egypt s largest mobile operator by subscribers and is 35 percent owned by Orascom.
Bichara said five firms had already completed due diligence on Link Egypt, and that OT and consultant EFG-Hermes would begin examining the bids, Al-Mal reported.
OT Chairman Naguib Sawiris told a newspaper earlier in July that Mobinil, Vodafone Egypt and Telecom Egypt and unnamed financial institutions were competing to buy internet service provider LinkDotNet. -Reuters
