Overview

Last updated 10/05/2008
Country Jordan
Ownership Multinational
Ownership Type Listed
Organisation Type Joint-Stock
Sector | Sub sector
  • Telecommunications and IT | Telecom Operators
Date of establishment October 1996
No of Employees 2,650
Address PO Box 1689
Amman, Jordan
Phone +962 6 460-6666
Fax +962 6 460-6111

Summary

Last updated 10/05/2008

Jordan Telecom was established in 1971 as a government entity under the name Telecommunications Corporation. In 1997, the corporation was privatized and three years later the government sold a 40% stake to France Telecom and Arab Bank in a deal worth over $500 million. In October 2002, the government offered 15% of its shares to the public in a global offering targeting both local and foreign investors, thus decreasing its holdings to 41.5%.

In 2006, Jordan Telecom Group decided to combine its fixed, mobile, internet and content businesses and its wholesale offerings under the umbrella of Jordan Telecom Group. In 2007 Jordan Telecom Group assumed the Orange brand for all its services.

Ownership / Shareholders

Last updated 23/04/2008
Name Country Holding
France Telecom France 51.00%
Social Security Corporation (SSC) Jordan 29.00%
Noor Telecom Company (NOORTEL) Kuwait 10.00%
Public n/a 7.00%
Government of Jordan Jordan 3.00%

Affiliates

Last updated 23/04/2008
Name Country Sector Holding
Jordan Data Communications (WANADOO) Jordan Telecommunications and IT 100.00%
Mobilecom Jordan Telecommunications and IT 100.00%

Quote

Last 5.07 JOD 0.17 3.47%
Open 5.00 High/Low 5.09/4.95
Volume 2000 YR High/Low 7.10/4.36


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