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Orascom Telecom announces bid for stake in Brasil Telecom.(EGYPT)

Orascom Telecom, Egypt announced that it is bidding for a stake in Brasil Telecom Participacoes, the third-largest fixed-line operator in Brazil.

Brasil Telecom also provides wireless and Internet broadband services. Orascom's CEO, Naguib Sawiris, however, refused to provide the financial details.

he bid is being scrutinized by

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