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Global Telecom to launch 4G service in Algeria in last quarter of 2016

Djezzy, a subsidiary of Global Telecom, aims to launch fourth generation wireless services (4G) in Algeria this autumn, during the last quarter of 2016, according to an investment report by Global Telecom. The company explained that the 4G network is considered a major step towards supporting Djezzy’s situation after revenues declined during the second quarter …

Mohamed Ahmed

Algeria’s frosty business climate may thaw

By Christian Lowe and Lamine Chikhi / Reuters ALGIERS: After a three-year campaign against one of its biggest foreign investors chilled Algeria’s business climate, the country is sending out tentative signals that it may be ready for a thaw. A period of aggressive economic nationalism, symbolized by the state’s drive to take control of the …


Orascom asks for arbitration on Algeria dispute

By Shaimaa Fayed / Reuters CAIRO: Orascom Telecom (OTH) said on Thursday it had submitted a formal arbitration notice against the Algerian government, the latest twist in a long and bitter dispute over Orascom’s local mobile phone unit. It follows years of acrimony between the Egyptian group and Algeria, which has hit the local subsidiary …


Orascom Tel jumps 9.9 pct on Algeria News

By Reuters CAIRO: Egypt’s Orascom Telecom jumped 9.9 percent at the opening on Thursday, extending the previous day’s gains when an Algerian finance ministry source said the government would pay $6.5 billion for a majority stake in its Djezzy unit. The increase prompted the stock market to suspend trade on OT shares. Resolution of a …


Algeria says has not yet received Djezzy valuation

CAIRO: Algeria’s telecom ministry has not received a valuation of Orascom Telecom’s mobile unit Djezzy, its single biggest source of revenue which has been locked in a dispute with Algeria over back taxes since 2009, a senior source in the ministry said on Tuesday. Egypt’s Al-Borsa newspaper, citing an unnamed Orascom Telecom source, said on …


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