The CEO of Algerian operator Nedjma, which has recently been rebranded Ooredoo Algeria after its Qatari parent, is considering listing a 10-15% stake in the company next year.
In an interview with a local radio station, Joseph Ged said that the IPO on…
The CEO of Algerian operator Nedjma, which has recently been rebranded Ooredoo Algeria after its Qatari parent, is considering listing a 10-15% stake in the company next year.
In an interview with a local radio station, Joseph Ged said that the IPO on the country’s stock exchange could help “boost the financial market in Algeria”.
Meetings have already taken place with the former head of the Bourse d’Alger to discuss Ooredoo Algeria’s market debut and more meetings are scheduled in January 2014 for more concrete talks, the CEO added.
Ooredoo Algeria, along with its larger rivals Global Telecom’s Djezzy and state-owned Mobilis, secured a 3G licence in a recent spectrum auction that had been delayed several times.
A spokesperson for Qatar’s Ooredoo, which has an estimated 45% stake in the operator, declined to comment.
