Algerie Telecom privatisation on hold for two to three years

16 Oct 2008

The Algerian government has decided to postpone the privatisation of Algerie Telecom at least in the short term. The state-owned telco is the country’s major fixed line operator, and owns the second largest wireless operator, Moblis.

The government initially planned to sell off 35% of the operator in an initial public offering (IPO) at the end of 2006, but after continued delays the tender was then rescheduled for 2008. Now the company’s CEO Moussa Belhamadi, speaking earlier this week, told state radio the government wanted to give Algerie Telecom enough time to improve its services and become more competitive, and said he expected it to take two to three years to reach such a position.