Etisalat interested in Algerie Telecom stake

3 Jan 2008

UAE-based Emirates Telecommunications (Etisalat) is interested in bidding for a 51% stake in Algerian PTO Algerie Telecom, Reuters reports citing the Abu Dhabi firm’s chief executive of international investments, Jamal al-Jarwan, as saying. According to Mr Jarwan, Algerie Telecom has expressed a desire to sell the stake. Etisalat chairman Mohammad Omran said in January 2007 that his firm was prepared to pay up to USD3 billion for Algerie Telecom.

Algeria, Algerie Telecom (AT), Etisalat UAE