Orascom ups stakes

28 Jan 2005

Orascom Telecom Holding (OTH) has signed agreements to acquire additional stakes in its Algerian and Tunisian operations. Under the terms of the deal OTH will buy an additional 2.38% stake in its Algerian cellco (to take its holding to 62.14%) while in Tunisia its stake will rise from 20.47% to 22.47%. The purchases will cost OTH USD39.3 million.