Wataniya loses in price war
Kuwait's Wataniya Telecom is expected to reveal further losses by its Algerian operations when it releases results for the third quarter of the year later this month. Its local subsidiary, Nedjma, is suffering the effects of a price war with its two larger competitors, Djezzy and state-owned operator Algerie Telecom. However, Harri Koponen, chief executive officer of Wataniya, says it will turn the situation around in the near future. 'There is a heavy ...
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