CAIRO (Reuters) – France Telecom acquired 94 percent of Egyptian mobile phone company Mobinil in a tender offer, Egypt’s stock exchange said on Sunday, giving the French group control of a top sector player in a volatile but lucrative emerging market. Mobinil, founded by Egyptian businessman Naguib Sawiris, vies with Vodafone Egypt for dominance of Egypt’s mobile market, which was buffeted by political headwinds after an uprising ousted President Hosni Mubarak last year. …
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