Algerie Telecom sale off

16 Feb 2009

The Algerian government has cancelled the privatisation of national fixed line operator Algerie Telecom. The sale, which has been mooted for several years, had attracted the interest of overseas investors such as Qatar Telecom and France Telecom.‘ Algerie Telecom will not be privatised and its capital will not be opened to private investors,’ said the telco’s chairman Foamed Benhamadi at the weekend. He claims that opening up the company to outside investment is no longer necessary and a plan is now under way to pump EUR100 million into the development of fibre-optic networks over the next five years.

Algeria, Algerie Telecom (AT)