Algérie Télécom: bond issue likely

10 Nov 2006

Algérie Télécom’s general manager Khireddine Slimane says the company is to launch a third bond issue to help raise funds for expansion. The firm recently announced plans to invest USD3.8 billion over the next three years to help it meet its self-imposed customer targets. It is aiming to have signed up three million broadband internet users, six million fixed line customers and eight million cellular subscribers by 2009.

Algeria, Algerie Telecom (AT)