Wataniya confirms USD490 million investment in Algeria

27 Jul 2005

Kuwaiti operator Wataniya Telecom has announced the closing of USD490 million medium-term financing for its Algerian mobile arm Wataniya Telcom Algerie (Nedjma). The investment, which is on top of a previous injection of USD421 million, is to be used to expand and upgrade the cellco’s GSM network across the country. The Nedjma network was launched in August last year and claimed to have 700,000 subscribers at the end of June.

Algeria, Ooredoo Algeria