Egypt’s OTMT Denies New Investments to Operate MENA Cable

Orascom Telecom Media & Technology Holding (OTMT.CA) denied media reports of new developments in talks with Egypt’s Minister of Telecommunications alongside Egypt Telecom (ETEL.CA) regarding MENA Cable.

The company added, in a release to the Egyptian Exchange (EGX) that, it did not pump new investments in order to operate it until now.