Orascom plans sale of Algerian joint venture
Orascom Telecom plans to sell the Algerian fixed-line telecoms business that it runs as a joint venture with Telecom Egypt, the Egyptian government-owned fixed-line operator.Naguib Sawiris, chairman of Orascom, says a single buyer had emerged for Consortium Algerien de Telecommunication (Lacom), but he declined to name the company.'There is a company that is negotiating to buy the firm from us. But I am not sure this will succeed,' he says.Telecom ...
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