Bloomberg News

Algeria Says It Will Buy 51% Stake in Orascom Telecom Algeria

January 08, 2012

Jan. 8 (Bloomberg) -- Algeria will buy a 51 percent stake in mobile telephone operator Orascom Telecom Algeria, Zoheir Meziane, an adviser to the Post and Telecommunication Minister, said today.

“Effectively the decision to buy a 51 percent stake in Orascom Telecom Algeria has been taken by the government,” he said by telephone. “Neither the price not the time to finalize this transaction has been fixed for the moment.”

To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net


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