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International
consultancy firms will be involved in assessing the value of the
Algerian unit of Egyptian operator, Orascom Telecom, and the valuation
will be completed this year, Algerian government ministers said on
Thursday.

Orascom Telecom is
selling its lucrative Algerian unit, known as Djezzy, to the Algerian
government after it was hit with back-tax demands, blocked from
transferring money abroad, and prevented from selling the unit to South
Africa’s MTN.

“We have a
ministerial committee. We have also an Algerian consultancy firm
working with foreign consultancy firms to determine the financial value
of Djezzy,” telecommunications minister, Moussa Benhammadi, told
reporters.