Thursday, April 29, 2010

Algeria - Government is opposing the sale of Orascom Telecom (t/a Djezzy) to MTN

[wsj] Algeria's government is opposing a deal under which South Africa's MTN Group Ltd. would acquire the prized Algerian unit of Egypt's Orascom Telecom, the Telecommunications Ministry said Wednesday.

"The government is opposed to the planned deal between MTN and Orascom" with regard to the unit, Orascom Telecom Algerie, also known as Djezzy, the ministry said in a statement. "Any transaction concerning OTA will be void...and could lead to the withdrawal of the telephone license granted to the company," it said.

Algeria Opposes MTN-Orascom Deal

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