Egypt: Naguib Sawiris, chairman of Orascom Telecom (OT) has said there was no progress in a dispute with the Algerian government over the future of its unit Djezzy since OT’s parent sealed a deal to sell assets to Vimpelcom, Reuters has reported. “We had been expecting that when this deal came through there would be a change. There has been no change,” he said. Algeria’s government, which said it will nationalise Djezzy, has hit the unit with hundreds of millions of dollars in back taxes and barred it from moving profits abroad.
Orascom sees no prgress in Djezzy dispute
April 5, 2011
20 Views
1 Min Read
You may also like
5G • Africa News • Middle East News • Telecommunications
The 5G Spectrum Conundrum for South Africa and the GCC: Future Ready or Future Forward?
November 8, 2021 5:21 PM