Mobilink’s parent company : Orascom not to pay dividends for 2010

CAIRO:

Egyptian group, Orascom Telecom will not pay a dividend for 2010 because of lack of cash flow from several foreign businesses. “We have decided not to issue a dividend because of the lack of cash flow to the company in 2010 from Pakistan, Bangladesh, Canada and Africa as well as the negative impact from our Algerian unit,” Vice Chairman Emad Farid said on Wednesday. Orascom Telecom is in dispute with Algeria, which wa