Orascom Telecom Holding Citi 13th Annual European & Emerging Telecoms Conference March 2013 Disclaimer
This presentation contains forward-looking statements about Orascom Telecom Holding (“OTH”). Such statements are not historical facts and include expressions about confidence and strategies of management and expectations of management about new and existing programs, technology and market conditions. Although OTH believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties. These statements may not be regarded as a representation that anticipated events will occur or that expected objectives will be achieved. The forward-looking statements in this presentation are only valid until the date of this document and OTH does not undertake to update any forward-looking statement to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This presentation is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any offer or sale of securities in any jurisdiction in which such offer or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Page 2 Content
. 4Q12 Highlights 4
. Shareholder Structure 5
. Global Presence 6
. Market Position 7
. OTH Operations 8
. Appendix 22
Page 3 4Q12 Highlights
Subscribers1 Total Revenues2 Group EBITDA2 & EBITDA Margin 908 46.8% 85 38.7% 425 346 78 896 +11% +33% Organic Organic
4Q11 4Q12 4Q11 4Q12 4Q11 4Q12
Djezzy: Djezzy grew its subscriber base by 8% The fluctuation of local currencies against Djezzy: increased by 8% in local currency YoY, as a result of promotions and channel the US dollar continued to adversely affect terms YoY, driven by top line growth incentives aimed at animating the subscriber our IFRS consolidated results base Mobilink: increased by 12% in local currency Djezzy: increased by 9% YoY in local currency terms YoY, exceeding revenue growth for Mobilink: increased by 6% YoY, as a result of terms, mainly attributed to a larger churn management coupled with reactivations the quarter, mostly on the back of strong subscriber base, as well as promotional and measures of the operational excellence promotions airtime incentives banglalink: increased by 9% YoY, despite the initiative
implementation of a newly imposed post sales Mobilink: increased by 9% in local currency banglalink: increased doubled in local activation process and the disconnection of terms YoY, as a result of a focus on data, currency terms YoY, due to savings on high value suspected VoIP users in compliance VAS, voice alongside churn management commercial opex (SIM tax subsidy) resulting with new self regulations (both set by BTRC) banglalink: increased by 13% in local from lower gross additions for new sales, Telecel Globe: increased 42% compared to currency terms YoY, driven by a higher level following the implementation of a newly the previous year, mainly driven by strong of VAS and data adoption, and targeted imposed post sales activation process additions in Zimbabwe, where the number of start-up, as well as reactivation promotions, (registration of SIM cards prior to activation) subscribers increased by 70% YoY adversely impacted by VoIP disconnections by the regulator
1. Total subscribers in Millions 2. Group indicators in USD Millions
Page 4 Shareholder Structure
VIMPELCOM FREE ALTIMO TELENOR FLOAT
52.7% (Economic) 35.7% (E) 11.6% (E) 47.9% (Voting) 43.0% (V) 9.2% (V)
OTH 100.0% 100.0% 100.0% 51.9% FREE FLOAT
OJSC KYIVSTAR WIND ITALY OTH 48.1% VIMPELCOM
Page 5 Global Presence
OTH serves a population of 451 million with an average penetration of 56%
CANADA Population: 34 million PAKISTAN GDP Growth: 1.9% Population: 190 million GDP/Capita PPP ($): 41,500 ALGERIA GDP Growth: 3.7% Pop. Under 15 years: 16% Population: 37 million GDP/Capita PPP ($): 2,900 Mobile Penetration: 72% GDP Growth: 2.6% Pop. Under 15 years: 35% GDP/Capita PPP ($): 7,500 Mobile Penetration: 64% Pop. Under 15 years: 28% Mobile Penetration: 87% BANGLADESH Population: 161 million GDP Growth: 6.1% GDP/Capita PPP ($): 2,000 Pop. Under 15 years: 34% Operations owned by Orascom Mobile Penetration: 60% Telecom (OTH has 65% indirect economic ownership in Globalive Investment Holding Canada , but a minority voting stake)
CENTRAL AFRICA REPUBLIC BURUNDI Population: 5 million Population: 10 million GDP Growth: 4.1% GDP Growth: 4.2% GDP/Capita PPP ($): 800 GDP/Capita PPP ($): 600 Pop. Under 15 years: 41% Pop. Under 15 years: 46% Mobile Penetration: 20% Mobile Penetration: 22%
ZIMBABWE Population: 13 million GDP Growth: 5.0% GDP/Capita PPP ($): 500 Pop. Under 15 years: 41% Mobile Penetration: 69%
Note: Figures from CIA Factbook. Mobile Penetration is based on December 31, 2012 subscriber figures and market share.
Page 6 Market Position
Algeria: Despite limitations, Djezzy remains a profitable market leader with tremendous data potential
Pakistan: Mobilink leads the maturing market, and with a large customer base has great potential for revenue enhancement through data, MFS and VAS uptake
Bangladesh: In a large market with low penetration levels, banglalink is one of the fastest growing operators with a strong focus on increasing value share
Telecel Globe: Leading positions in markets with low penetration levels, healthy APPM, and high growth potential. Internet is a mobile story in Africa
Canada: Wind Mobile continues its "Value Plus" strategy execution, adding primarily postpaid subscribers while carefully managing prepaid economics for both voice and mobile broadband customers
Page 7 Algeria
Page 8 Djezzy Overview
.GDP growth rate for 2012 stood at 2.5% .Young population with 24% of the population under 15 years of age Macro .Government, trade and agriculture sectors account for over 60% of Algeria’s GDP Environment .Hydrocarbons have long been the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings Population: 37 million GDP/capita: USD 7,500
.OTA continues to face stringent conditions with the regulator (ARPT) regarding critical promotion and products Regulatory .In September 2011, 3G licensing process launched, but was put on hold until situation surrounding Djezzy is Market Size1: 32 million subs Environment resolved Penetration1: 87% .The Algerian government approved Q-tel acquisition deal over Wattaniya Market Players (subscribers): • Djezzy (17.8 million) Djezzy is the market leader in a three-player market: • Mobilis (7.4 million) .Djezzy: launched its operations in 2002, has a population coverage of 96% Competitive • Wattaniya (7.1 million) .Mobilis: was the first entrant launched in 1999, rebranded their mobile business to Mobilis. ATM is also the sole Landscape fixed line provider and owner of internet and international gateways .Wattaniya: launched in 2004. As challengers, Nedjma is a large contributor to market growth Market Shares2 .Balanced value pricing strategy leading to stable ARPU levels despite high market growth
.Consolidate Djezzy brand leadership and strengthen emotional bonding with customers 22% OTA Strategic .Increase quality and control over the distribution channel 55% Mobilis Direction .Define leaner site configurations through tighter design guidelines to manage Capex requirements 23% Wattaniya .Modernize network once ban on foreign currency transfer is lifted
1. Penetration figures are provided based on OTA closing base and our Data Warehouse (DWH) figures for competition 2. DWH Market Share
Page 9 Djezzy KPIs
Mobile Subscribers (Millions) Revenues (DZD Billions) EBITDA (DZD Billions) & EBITDA Margin
143.3 134.7 135.6 129.3 135.6 17.85 16.60 78.8 80.4 85.2 15.09 73.2 14.11 14.62 68.7 58.5% 59.4% 54.0% 53.2% 59.3%
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Capex1 (DZD Billions) & Capex/Revenue Free Cash Flow2 (DZD Billions)
19.0
14.0% 77.5 80.7 67.9 10.8 61.8 8.1% 54.3 6.9 5.4% 4.5 2.9 3.1% 2.2%
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 Note: foreign exchange rate DZD 77.8433/ USD 1 1. Capex figures excluding GSM licenses and may differ from previously released figures 2. Free Cash Flow is EBITDA less Capex
Page 10 Pakistan
Page 11 Mobilink Overview
.GDP growth rate in 2012 stands at 4% Macro .35% of the population is under 15 years of age Environment .Devaluation of the Pakistani Rupee against the US Dollar continues .Security and political situation remains tense Population: 190 million GDP/capita: USD 2,900 .PTA issued directives halting MNP services in November 2012, then resumed in December 2012 Regulatory .More stringent rules on the process of selling SIM cards Market Size: 120 million subs .Government asked mobile operators to close their networks in major cities on sensitive occasions during 4Q12 Environment Mobile Penetration: 64% resulting in revenue loss for almost all operators Market Players (subscribers): Mobilink is the market leader in a competitive five-player market: .Mobilink (36.1 million) .Telenor: 2nd player in the market, value-driven operator, strong market share position, strong in youth, data .Telenor (30.2 million) offers and mobile financial services . Ufone (23.8 million) Competitive .Ufone: 3rd player in the market, positive mass market perception, aggressive offers . Warid (12.6 million) Landscape .Zong: China Mobile’s first venture outside China, last entrant into the Pakistani market, offers cheap products . Zong (17.8 million) and services, has high capacities, aggressive on pricing and market share gains .Warid: Their level of activity has been increasing lately through launching new offers and promotions. Strong in Market Shares1 postpaid and youth 15% Mobilink 30% Telenor .MFS launched in November 2012 10% .Leverage the large subscriber base to increase voice revenues Ufone Strategic Warid .Capture mobile data opportunity in Pakistan given the low internet penetration level, especially through 3G 20% Direction Zong .Network modernization and infrastructure sharing as a mean of more efficient use of resources 25%
1. Market share as provided by the regulator as of 30 November 2012
Page 12 Mobilink KPIs
Mobile Subscribers (Millions) Revenues (PKR Billions) EBITDA (PKR Billions) & EBITDA Margin 105.8 94.3 97.9 87.8 86.9 43.1% 34.21 36.14 40.9% 30.80 31.79 28.48 40.2% 39.6% 45.6 40.0 35.3 31.7 37.3
36.5%
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Capex1 (PKR Billions) & Capex/Revenue Free Cash Flow2 (PKR Billions)
28.4 42.9% 25.2 18.9 17.5 23.0% 37.7 14.7% 12.9% 22.6 16.3% 17.2 12.8 12.2
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 -2.4
Note: foreign exchange rate PKR 93.3992/ USD 1 1. Capex figures excluding GSM licenses and may differ from previously released figures 2. Free Cash Flow is EBITDA less Capex
Page 13 Bangladesh
Page 14 banglalink Overview
.Bangladesh has the world’s highest population density Macro .57% of population below 25 years of age Environment .GDP growth rate of 6% in 2012 .Continued devaluation of the local currency against the US dollar Population: 161 million .3G guideline and license awarding process is under development GDP/capita: USD 2,000 Regulatory .New BTRC Chairman and Telecom minister appointed Environment .More restrictive rules applied on the process of selling SIM cards Market Size: 98 million subs .10 second pulse for all call plans introduced to operators Penetration: 60%
Market Players (subscribers): . GP (40.9 million) .banglalink places 2nd in a six players market . Banglalink (26.8 million) st .Grameenphone: 1 player with largest network, perceived as best in quality and coverage . Robi (20.8 million) rd Competitive .Robi: 3 player, aggressive in price reduction and communication . Airtel (6.9 milion) Landscape .Airtel: 4th player, mainly focused on young people . CityCell (1.7 million) .CityCell: CDMA operator . TeleTalk (1.4 million) .TeleTalk: Operated by national fixed incumbent BTCL Market Shares1 1% 2% .Leverage large base by unlocking mass-market value potential 7% GrameenPhone .Create appeal and realize improvement in high-end, enterprise and SME segments banglalink .Solidify leadership positioning in Mobile Financial Services market Strategic 21% 42% Robi .Continue innovation in mobile integrated content in fields of education, agriculture, healthcare and financial Direction Airtel markets Citycell 27% .Tap into mobile data opportunities with internet penetration rates low in the country Teletalk .Network modernization and infrastructure sharing
1. Market share as provided by the regulator
Page 15 banglalink KPIs
Mobile Subscribers (Millions) Revenues (BDT Billions) EBITDA (BDT Billions) & EBITDA Margin
25.88 34.2% 34.7% 23.75 45.4 19.33 38.0 29.2% 28.1% 32.0 13.89 24.0 15.7 10.34 20.0 13.0 9.0 7.0 0.4 2.0%
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Capex1 (BDT Billions) & Capex/Revenue Free Cash Flow2 (BDT Billions)
28.6 5.5 1.1 143.0% 16.4 2008 2009 2010 2011 2012 11.9 (1.7) 10.2 8.7 51.1% (7.3) 36.3% 31.3% 22.6%
2008 2009 2010 2011 2012 (28.2)
Note: foreign exchange rate BDT 81.8358/ USD 1 1. Capex figures excluding GSM licenses and may differ from previously released figures 2. Free Cash Flow is EBITDA less Capex
Page 16 Telecel Globe
Page 17 Telecel Globe Overview
.Sub-Saharan Africa’s economic performance is improving Macro .With 41% mobile penetration, Africa provides the highest subscriber growth potential Environment .More bandwidth is being created at cheaper costs, and consumer demand for internet will increase
Under-developed regulatory regimes for the telecommunications sector across Telecel Globe Zimbabwe .Population: 13 million .Telecel Zimbabwe: Operates GSM 900/1800, and UMTS 2100. New SIM registration processes have been .GDP/capita: USD 500 required. Both 2G and 3G are available .Penetration: 69% Regulatory .Telecel CAR: Operates GSM 900/1800, UMTS 2100 and WIMAX networks. Regulator presently reports to the .Market Position:2/3 Environment Ministry of Post & Telecommunications .Leo Burundi: Operates GSM 900/1800, UMTS 2100, CDMA 800 and WIMAX networks. The Government is expected to impose new tax on airtime revenues sometime during the second half of 2012
.Telecel Zimbabwe: 2nd position in a three players market with 29% market share, offering the best value proposition in the market, offers 3G services, leader in broadband data with best data network .Telecel CAR: 1st position with a 44% market share in a 4 player market with a strong brand equity. The first to Burundi Competitive .Population: 10 million reach critical mass and long-term financial sustainability. Leader in broadband data Landscape .GDP/capita: USD 600 .Leo Burundi: 1st player with a 62% market share in a 5 player market, capturing most of the high value .Penetration: 22% .Market Position: 1/5 subscribers and corporate segment with a network covering 55% of population . Undisputed market dominance, driving mobile penetration in rural areas and maintaining strong leadership in the capital
.Derive profitability by reaching the critical mass in the underlying markets with very low penetration rates while capitalizing on our market leadership .Maintain value-driven pricing to accelerate profitable growth of voice market without diluting ARPU of existing base Strategic .Increase impact and differentiation of brand communications & advertising Central African Republic Direction .Population: 5 million .Increase coverage footprint through cautious investment in rural areas by deploying low Capex sites suitable .GDP/capita: USD 800 for rural environments .Penetration: 20% .Entangle customers through driving penetration of relevant products & services .Market Position:1/4 .Employ hybrid solutions .Capture the Mobile Data opportunity
Page 18 Telecel Globe KPIs1
Mobile Subscribers (Thousands) Revenues (USD Millions) EBITDA (USD Millions) & EBITDA Margin
CAR 4,464 Burundi Zimbabwe 442 36.7% 3,140 2,974 1,440 441 435 23.5% 102 1,007 1,185 33 2,582 94 8.5% 1,526 1,520 91 24 8
2010 2011 2012 2010 2011 2012 2010 2011 2012
Capex2 (USD Millions) & Capex/Revenue Free Cash Flow3 (USD Millions)
26.6% 22.5% 19.8%
25 23 18 15 1 2010 2011 2012 2010 2011 2012 (17) 1. Consolidated figures excluding Telecel Globe Zimbabwe 2. Capex figures excluding GSM licenses and may differ from previously released figures 3. Free Cash Flow is EBITDA less Capex
Page 19 Canada
Page 20 Wind Mobile Overview
.GDP growth of 2% in 2012 Macro .16% of population below 15 years of age Environment .Internet penetration at 80% (est 2009) .81% of the population lives in urban areas Population: 34 million GDP/capita: USD 41,500 .Canadian Radio-television and Telecommunications Commission (CRTC) regulates and supervises broadcasting and telecommunications, but not the internet Regulatory .In January of 2013, OTH entered into an agreement with Mr. Anthony Lacavera to acquire the interest of AAL Market Size: 25 million subs Environment Holdings Corporation in WIND Mobile Canada, upon obtaining certain necessary regulatory approvals, OTH will Penetration: 72%
indirectly acquire all of AAL Corp.’s interest in GWMC. Mr. Lacavera will remain WIND Mobile’s Chairman and Market Players: CEO until closing, and will continue in a non-operational capacity as WIND Mobile Canada’s Honorary Chair . Rogers . Telus The Canadian telecommunications market was characterized as an oligopoly . Bell . Wind Mobile .Rogers, Bell and Telus: incumbents dominated the Canadian market with similar tariff plans, leaving prices high . Videotron and relatively uncompetitive . Mobilicity .Wind Mobile: operating in 5 of the top 6 population centers in Canada (no spectrum in Quebec), close to 500 . Public Mobile thousand subscribers in August 2012. Wind Mobile is the fastest growing mobile operator on record in the . Sasktel Competitive Canadian market and is well positioned to become Canada’s fourth national operator . MTS Allstream Landscape .Mobilicity: launched in May 2010, operating in same markets as Wind Mobile but with much smaller footprint with a prepaid only propositions .Public Mobile: launched in 2010, operating CDMA network in Greater Toronto and Greater Montreal Areas, targeting low-income value conscious customers . Videotron (Quebec), MTS Alltream (Manitoba), and Sasktel (Saskatchewan) are all regional players within specific provinces. Wind Mobile doesn’t currently compete against in its existing markets
Page 21 Appendix Debt Profile
Debt by Entity Debt by Currency 0.2% 1% 2%
7% OTH 1% 14% Entity USD Millions 11% Pakistan OTH 3,765 USD Bangladesh Pakistan 522 Bangladesh 324 Euro Algeria Algeria 46 Local Telecel Globe Telecel Globe 10 79% Others Others 91 86%
Total 4,758
Gross & Net Debt (USD Millions)
4,758 FY12 FY11 4,036
3,022 2,731 2,026
1,014
Gross Debt Cash & Cash Net Debt Equivalents
Page 23 Income Statement
USD thousands 4Q12 4Q11 Change FY12 FY11 Change Revenues 908,345 895,711 1% 3,626,767 3,635,578 (0.2%) Other Income 16,062 9,278 33,933 30,252 Total Expense (505,262) (558,500) (1,912,155) (2,019,087) Net unusual Items 6,358 (47) 6,113 (0) EBITDA1 425,503 346,442 23% 1,754,658 1,646,743 7% Depreciation & Amortization (174,260) (191,354) (705,096) (773,472) Impairment of Non-Current Assets (6,979) (6,522) (12,269) (10,026) Gain (Loss) on Disposal of Non-Current (12,722) (360) (17,862) 58,085 Assets Operating Income 231,542 148,207 56% 1,019,431 921,331 11%
Financial Expense (124,726) (92,407) (457,858) (535,732) Financial Income 21,433 19,215 77,090 79,625 Foreign Exchange Gain (Loss) (89,471) (50,493) (74,139) (150,359) Net Financing Cost (192,764) (145,574) (454,907) (606,466) Share of Profit (Loss) of Associates (26,234) (51,696) (103,279) (135,280) Impairment of Financial Assets (339,126) (21,888) (339,126) (21,888) Other non-operating cost (74,399) - (74,399) - Footnotes: Profit Before Tax (400,981) (49,063) n.m. 47,720 157,696 (70%) 1. Management presentation developed from IFRS
Income Tax (67,925) (106,381) (253,480) (243,511) financials. Profit from Continuing Operations (468,896) (155,444) n.m. (205,760) (85,815) n.m. 2. Reflects the effect of the spun off assets. 3. On 4 January 2011, OTH sold its entire shareholding Gains or losses from discontinued - 31,9762 - 746,1693 in Orascom Tunisia Holding and Carthage operations Consortium through which OTH owned 50% of Profit for the Period (468,896) (123,468) n.m. (205,760) 660,354 n.m. Orascom Telecom Tunisia (“OTT”). The figure also Attributable to: Equity Holders of the Parent4 (474,353) (125,179) n.m. (224,928) 627,586 n.m. includes the effect of the spun-off assets. Earnings Per Share (US$/GDR)5 (0.08) (0.02) (0.04) 0.13 4. Equates to net income after minority interest. Minority Interest 5,457 1,711 19,168 32,768 5. Based on a weighted average for the outstanding Net Income (468,896) (123,468) n.m. (205,760) 660,354 n.m. number of GDRs of 1,049,138,124 for 4Q12 and 12M12, and 1,046,278,130 GDRs for 4Q11, and 1,046,175,604 GDRs for 12M11.
Page 24 Balance Sheet
31 December 31 December USD thousands 2012 2011 Assets Property and Equipment (net) 2,493,620 2,901,831 Intangible Assets 1,448,712 1,557,590 Other Non-Current Assets 858,099 1,089,077 Total Non-Current Assets 4,800,431 5,548,498 Cash and Cash Equivalents 2,025,844 1,013,543 Trade Receivables 233,477 205,195 Other Current Assets 1,056,461 1,187,206 Total Current Assets 3,315,782 2,405,944 Total Assets 8,116,213 7,954,442 Equity Attributable to Equity Holders of the 1,555,756 1,855,630 Company Minority Share 74,492 56,729 Total Equity 1,630,248 1,912,359 Liabilities Long Term Debt 4,074,700 3,492,164 Other Non-Current Liabilities 232,956 255,159 Total Non-Current Liabilities 4,307,656 3,747,323 Short Term Debt 682,643 543,826 Trade Payables 710,488 738,289 Other Current Liabilities 785,178 1,012,644 Total Current Liabilities 2,178,309 2,294,759 Total Liabilities 6,485,965 6,042,083 Total Liabilities and Shareholder’s Equity 8,116,213 7,954,442 Net Debt1 2,731,499 3,022,447 Footnotes: 1. Net debt is calculated as a sum of short term debt, long term debt, less cash and cash equivalents
Page 25 Cash Flow Statement
USD thousands 31 Dec 2012 31 Dec 2011 Continued Operations Cash Flows from Operating Activities Loss for the Period (205,760) (85,815) Depreciation, Amortization & Impairment of Non-Current Assets 717,365 783,498 Income Tax Expense 253,480 243,511 Net Financial Charges 454,907 606,466 Share of Loss of Associates 103,279 135,280 Impairment of Financial Assets 339,126 21,888 Other 129,084 (7,567) Changes in Assets Carried as Working Capital 24,156 (187,740) Changes in Other Liabilities Carried as Working Capital (8,748) (53,006) Income Tax Paid (500,793) (199,392) Interest Expense Paid (114,911) (217,028) Net Cash Generated by Operating Activities 1,191,185 1,040,095
Cash Flows from Investing Activities Cash Outflow for Investments in Property & Equipment, Intangible Assets, and Financial (412,481) (648,058) Assets & Consolidated Subsidiaries Proceeds from Disposal of Property & Equipment, Subsidiaries and Financial Assets (16,478) 26,713 Advances & Loans made to Associates & other parties (161,313) (202,886) Dividends & Interest Received 10,489 14,940 Net Cash Used in Investing Activities (579,783) (809,291)
Cash Flows from Financing Activities Proceeds from loans, banks' facilities and bonds 1,300,806 874,504 Payments for loans, banks' facilities and bonds (881,948) (1,619,023) Net Payments from financial liabilities (79,429) 1,800 Net Change in Cash Collateral 120,964 (129,194) Net Cash (used in) generated by Financing Activities 460,393 (871,913)
Discontinued operations Net cash generated by operating activities - 90,242 Net cash (used in) generated by investing activities - 1,044,123 Net cash (used in) generated by financing activities - (9,024) Net cash generated from discontinued operations - 1,125,342 Net Increase in Cash & Cash Equivalents 1,071,795 484,233 Cash included in Assets Held for Sale (7) (262,656) Effect of Exchange Rate Changes on Cash & Cash Equivalents (59,487) (32,119) Cash & Cash Equivalents at the Beginning of the Period 1,013,543 824,085 Cash & Cash Equivalents at the End of the Period 2,025,844 1,013,543 Page 26 Contacts
For your inquiries, please contact the Investor Relations Team:
Email: [email protected] Telephone: +20 (2) 2461 5120/21 Fax: +20 (2) 2461 5054/55 Website: www.otelecom.com
Page 27