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Algerie Telecom to be privatised by June
Source: BI-ME , Author: BI-ME staff
Posted: Fri March 7, 2008 12:00 am

ALGERIA. The Algerian government plans to privatise Algérie Telecom in the first half of the year, Communications Minister Boudjema Haichour said this week.

The Minister stressed, however, that the state would maintain a majority stake in the firm. The government is seeking to partner with a foreign company in order to bring more technological added value. Companies interested in the estimated US$3 billion deal include Etisalat, France Telecom, Telefonica, Portugal Telecom and Deutsche Telecom.

Algérie Telecom operates 3.5 million fixed lines, 4.0 million mobile lines and provides Internet service throughout the country. Haichour said the company plans to launch 3G mobile services by June.

 

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