Bloomberg News

Orascom Telecom to Cooperate on Algeria Due Diligence on Djezzy

January 12, 2012

Jan. 12 (Bloomberg) -- Orascom Telecom Holding SAE, North Africa’s biggest mobile phone company, said it will cooperate with advisers hired by the Algeria to conduct a due diligence on its local unit Djezzy ahead of its possible sale to the government.

The Cairo-based company made the statement in a filing to the Egyptian bourse today.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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