 In July 2004, it was reported that Egypt based Orascom Telecom is set to purchase the Malaysian stakes in Sheba Telecom through a hush-hush deal, as Sheba had failed to tap the business potentials in Bangladesh mainly due to a chronic feud between its Malaysian and Bangladeshi partners.An agreement was reached with Orascom worth US$25 million was finalised in secret.The pact has been kept secret for legal reasons, considering financial fallout and because of the feud.