Orascom earmarks USD300 million for Algeria

14 Mar 2005

Egyptian holding company Orascom Telecom has said it will invest USD300 million in 2005 to boost the network capacity of Algerian subsidiary Djezzy GSM. Since winning a GSM licence in 2001 Orascom has spent USD1.7 billion in Algeria, garnering some four million customers. It is targeting six million users by the end of 2005 and expects Algeria’s wireless subscriber base to reach over twelve million by 2010.