Orange mulls changing Mobinil trademark

The Executive Director of French Orange Company, which owns 100 percent of Mobinil's interests, Stéphane Richard announced that the firm mulled changing its name and trademark during the coming phase.

He said also that the company's brand is attractive and enjoys the trust of customers in the whole world especially in Europe and Africa, adding that the time of taking this step is still not determined till now.

These remarks came during a press conference held on Wednesday with the attendance of Mobinil's officials.

Richard underscored that the group plans also presenting about 10 to 15 of the company's interests in the Egyptian Exchange during the coming phase.

The group will resume investing in the Egyptian market, the official said, noting that the volume of the company's investments in Egypt reached 2 billion pounds.

Meanwhile, Richard reiterated that the company will withdraw its commercial brand from Israel but this step needs some time to be implemented because of the legal measures.