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Orascom in Algeria unit sale talks

27 April 2010

The Algerian government has said that Egypt's Orascom Telecom is in talks to sell its Algerian unit Djezzy to South Africa's MTN Group and that it takes a positive view of the sale, Reuters has reported. "We have been informed," about the negotiations between Orascom and South Africa's MTN, the Algerian government said. "Orascom had no alternative but to inform us, and it did that." Asked if the Algerian government would approve a deal, the source said that "having the South Africans in the telecoms sector in Algeria instead of the Egyptians is a good solution for us."

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