Speculation over the acquisition of Egyptian mobile telecom company, Orascom’s Algerian operations by the Algerian government was denied by Moussa Benhamadi, the country’s Telecommunications Minister.
In a call from Reuters asking about the proposed deal…
Speculation over the acquisition of Egyptian mobile telecom company, Orascom’s Algerian operations by the Algerian government was denied by Moussa Benhamadi, the country’s Telecommunications Minister.
In a call from Reuters asking about the proposed deal Benhamadi said: “It is not true!”
It was reported that talks would be starting between the government and Orascom in Algiers early next week, but the minister affirmed: “nothing will be decided” until experts had completed a valuation of the unit.
The government had previously barred Orascom from selling the unit to South Africa’s MTN.
