Bloomberg News

Orascom Telecom Says It’s Not Involved in Djezzy Talks

March 29, 2012

Orascom Telecom Holding SAE (ORTE), North Africa’s biggest mobile phone company, said it’s not involved in the talks between Algeria and VimpelCom Ltd. (VIP:US) regarding a possible offer from the Arab country to buy Djezzy, the local unit of Orascom.

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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Companies Mentioned

  • VIP
    (VimpelCom Ltd)
    • $4.12 USD
    • 0.23
    • 5.58%
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