 | When was Mobinil established, and when did it start its activities? |
| The Egyptian Company for Mobile Services “Mobinil” was established in April 1998 and it started its activities on May 1998. |
| Who owns Mobinil? |
| Upon establishment, The Egyptian Company for Mobile Services “Mobinil” was jointly owned by: Orascom Telecom, France Telecom, and Motorola. In year 2000, Motorola sold its interest in Mobinil to its partners, OT and FT. In July 2002, FT transferred its ownership to its 85% owned subsidiary Orange SA. Accordingly, Orascom Telecom, Orange Group, and the Public currently own ECMS. |
| What is the difference between The Egyptian Company for Mobile Service and Mobinil? |
| The word “Mobinil” is the commercial name of The Egyptian Company for Mobile Services (ECMS) and its logo. |
| Is ECMS publicly listed? What stock exchanges is it listed in? |
| ECMS common shares are listed in Cairo and Alexandria Stock Exchanges. ECMS shares are listed in table ‘A’. This means it does not trade over the counter (OTC). We currently do not have any GDR or ADR listings. |
| Did Mobinil have any additional public offerings besides its IPO? |
| ECMS made its IPO on 1998. Offering 60 million shares at a par value of EGP10.00. ECMS then called for a capital increase of 40 million shares at EGP10.00 raising its paid-in capital to EGP1 billion |
| What shall I do if I still have my temporary certificates? |
| For those shareholders who still keep temporary certificates, kindly head to any brokerage company or bank that is authorized to have a bookkeeping system. Where temporary certificates will be deposited in the bookkeeping system. In return, the owner receives an account statement showing the amount of shares deposited in his/her name. The owner can then use this statement as a proof of ownership upon presenting with his/her ID. |
| How do I collect my dividends? |
| Kindly head to Misr for Clearing, Settlement, and Central Depository Company at 70, El Gomhoria Street, second floor, downtown. |
| How much interest is paid on Mobinil bonds? |
| Bondholders receive 12.25% as interest on Mobinil bonds. It is paid on a semiannual basis. The bond matures in year 2008. |
| Why is Mobinil buying back its own stock? Is there any intention to sell these shares before the end of the year? |
| Any treasure stock that ECMS bought was for the sole purpose of operating the ESOP (Employee Stock Option Plan). There is no intention of trading or selling these stocks back again during this year. The Capital Market Authority (CMA) and Cairo and Alexandria Stock Exchanges (CASE) are monitoring our buy back transactions. We have an obligation to notify both government agencies upon inception of trading. |
| Does ECMS pay taxes? |
| ECMS has a tax holiday of five years according to the corporate law no. 195 starting its first financial year. Our first financial year was 1999. Accordingly, the tax holiday ends on 31 December 2003. Mobinil is taxable now on a 20% corporate tax basis |
| When does Mobinil issue its periodic earnings releases? |
| Mobinil issues quarterly earnings (every 3 months). You could expect the earnings release of any quarter during the last 10 days of the month following the closure of the quarter. In other words, the earnings release of Q1 2003 should be expected during the period from April 20-30, 2003. Our independent auditors, KPMG and Ernst & Young, review our quarterly earnings. Customarily, we hold our conference call with investors the day following to the earnings release day. Please email investors@mobinil.com if you would like an invitation to the conference call. Please note that this conference call is done through an international conference call agent thus costing you an international call fee. If you are unable to dial in the conference call, please check our website two weeks after the conference call date to download the conference call transcript. You could hear the conference call audio recording as well if it is available. |
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