Algeria rejects Orascom unit sale to MTN

27 May 2010

Algerian trade minister, Hachemi Djaaboub has said the government has rejected a request for South African group MTN to be allowed to buy Egyptian group Orascom Telecom's Algerian mobile phone unit Djezzy, Reuters has reported. The decision follows tensions over back tax claims of $646.6m against Orascom Telecom.

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