Tuesday, August 25, 2009

Orascom Algeria Denies Sale of Company to Vivendi

Tamer El-Mahdi, Director-General of Orascom Telecom Algeria (OTA), on Sunday denied speculation that the subsidiary company was beings old to the French group, Vivendi.

Speaking at a press conference in Algiers, he said Orascom had no intention whatsoever of selling the most cost-effective of its 12 subsidiaries, which was expected to see a 7 per cent growth in 2009.

OTA has nearly 14 million subscribers and is in competition with the Mobilis and Watanya Telecom Algeria, belonging to the Kuwaiti Group, Kowetien Qtel.

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