Orascom confirms Algeria talks
Egyptian mobile
group Orascom Telecom confirmed on Wednesday that it had received a
response from the Algerian government saying it was ready to start
talks over the purchase of Orascom’s Algerian unit Djezzy. “The company
has indeed received a letter from the Algerian government expressing
its readiness to start negotiations regarding buying the company’s unit
in Algeria,” it said in a statement published by the Egyptian stock
exchange. Talks with MTN over the acquisition of some of Orascom’s
other assets have continued, and the company said it will issue a
statement before Egypt’s bourse opens on Wednesday.
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