The company currently known as Jazz was formerly known as Mobilink.
Introduction - What is Jazz (the Company)?
Jazz is a prominent entity in the telecommunications sector. Understanding its history involves tracing its origins and transformation over the years. Its identity has evolved, starting from a different name and structure.
The Former Identity: Mobilink
The direct answer to its past identity is that the company now operating as Jazz originally went by the name Mobilink. This is the "old name" associated with the company's inception and early years of operation.
Founding and Early Years
The company was founded in 1994. At its origin, it was established as a joint venture. The initial partners involved in creating the company were:
- Saif Group
- Motorola Inc.
This foundational structure under the name Mobilink set the stage for the company's future development in the telecommunications market.
Transition and Ownership Changes
Over time, the company underwent changes, including its name and ownership structure. The transition from Mobilink to Jazz occurred after its founding under the original name.
A significant ownership change happened in February 2001. At this point, Egypt based Orascom Investment Holding acquired shares in the company, which by then was referred to as Jazz in the context of the acquisition. Orascom Investment Holding bought Motorola Inc.'s shares, making them the majority shareholder with 69% control of the company.
Here is a summary of key historical points based on the provided information:
| Aspect | Detail |
|---|---|
| Current Name | Jazz |
| Former Name | Mobilink |
| Founded In | 1994 |
| Initial Setup | Joint venture |
| Original Partners | Saif Group, Motorola Inc. |
| Key Acquisition Date | February 2001 |
| Acquiring Entity | Egypt based Orascom Investment Holding |
| Shares Acquired | Motorola Inc.'s shares in Jazz |
| Control Post-Acquisition | 69% (Majority Shareholder for Acquirer) |
This historical overview clarifies that while the entity is now recognized as Jazz, its roots and initial operations were under the name Mobilink, marking its original identity.
