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Algeria denies talks start next week on Orascom unit
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Fri July 23, 2010 8:27 pm
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ALGERIA. Algeria's telecommunications minister has denied that talks would start next week with Orascom Telecom over the Egyptian firm's local mobile telephone unit, Djezzy.

"It is not true," Moussa Benhamadi said in parliament on Thursday when asked by Reuters about reports the talks would start next week in Algiers.

He said "nothing will be decided" until experts had completed a valuation of the unit, which the Algerian state is planning to buy, having prevented Orascom selling the unit to South Africa's MTN.

Algerian Finance Minister Karim Djoudi, who was also in parliament and was asked by reporters about the talks with Orascom Telecom, said: "They will start soon." He said they will not start next week.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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