Mobinil reports up to LE100m of losses during protests

Reuters, Monday 28 Feb 2011

Egyptian cellphone operator blames breakages at mobile stations and disruption of internet and sms services

Egyptian mobile operator Mobinil said on Monday it had lost around 80-100 million Egyptian pounds (US$14-17 million) during the protests that led to the toppling of President Hosni Mubarak.

"The mentioned losses have been estimated at between 80 to 100 million Egyptian pounds, due to the breakage and destruction of mobile stations and some of the company's shops, and delays in internet services and short message service (sms)," Mobinil said in a statement to the Egyptian bourse.

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