Egypt's stock exchange suspended trading on mobile operator Mobinil and Orascom Telecom Media and Technology (OTMT) on request of the country's regulator, it said in a statement on Thursday without providing further details.
France Telecom has finalised a deal to buy most of its partner's stake in Mobinil for 1.5 billion euros. Under the terms of the accord, France Telecom will buy most of the stake held by Naguib Sawiris' holding company OTMT.
The deal is subject to regulatory approval in Egypt. The chairman of financial market regulator EFSA, Ashraf el-Sharqawy, had said the watchdog would give its response this week.
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