Algerian government to sell its stake in Mobilis

7 Oct 2013

The Conseil des participations de l’Etat (CPE), the agency managing the Algerian government’s stake in state-owned business entities, is reportedly planning to sell the shares of ten nationalised companies, including telecoms service provider Algerie Telecom (Mobilis), to the public. Algeria News reports that ‘the government wants to give a strong signal in favour of boosting the stock market and the creation of a market capital’ by the initial public offering (IPO) of a total of 40 state-owned companies by the end of 2015.

According to TeleGeography’s GlobalComms Database, Mobilis had an estimated 10.6 million subscribers at end-June 2013. Market leader Djezzy GSM had a total of 16.8 million subscribers at the same date, while third-placed Wataniya Telecom (Nedjma) signed up 9.3 million users.

Algeria, Algerie Telecom Mobile (Mobilis), Ooredoo Algeria, Optimum Telecom Algerie (Djezzy)