Telecoms news from Algeria
The Algerian government is seeking a fresh valuation on the local mobile network, Djezzy before it agrees to buy a 51% stake in the company. ...more.
Egypt's Naguib Sawiris is launch of a US$5 billion claim against the Algerian government for damages to Weather Investments' stake in Orascom Telecom Algérie (Djezzy) ...more.
The mobile telephony segment in Algeria is reaching maturity. Mobile subscriber growth rates are projected to slow down even as mobile penetration rate was expected to reach 100 per cent by the first quarter of 2012. ...more.
Huawei and ZTE have been banned from tendering for state contracts in Algeria for two years and been fined by a local court after being found guilty of bribing executives at the state owned telecoms network, Algerie Telecom. ...more.
Orascom Telecom has lost its appeal against a US$1.3 billion fine imposed by the Algerian Courts, although the jail sentences against a senior director was overturned. ...more.
Orascom Telecom Holding has confirmed that it is submitting a formal Notice of Arbitration against the Algerian government in respect of what it says are unlawful actions taken since 2008 by the government against Orascom Telecom Algerie (OTA). ...more.
Algeria plans to award 3G licenses, once it has settled an agreement over the ownership of the country's largest mobile network, Djezzy with its current owner, Vimpelcom/Orascom Telecom. ...more.
Russia's VimpelCom says that it has signed an agreement with the Algerian government to explore a way of selling a state in its subsidiary Orascom Telecom Algerie (OTA). ...more.
Wataniya Telecom Algerie - which trades as Nedjma - says that it will bid for a 3G license when the tender for them is announced. ...more.
Kuwait based Wataniya Telecom has reported its first quarter profits jumped to US$1.03 billion compared to US$58.7 million a year ago. ...more.
The Chairman of Egypt's Orascom Telecom has expressed doubts about Vimpelcom's chances in settling the ongoing and lengthy dispute over Orascom's Algerian subsidiary with the Algerian government. ...more.
Kapsch CarrierCom says that it has signed a contract for the supply and installation of a GSM-R system for ANESRIF, the national agency responsible for railway infrastructure investments in Algeria ...more.
A restructured regulator and less control by the government will allow for foreign investment in Algerian operators and create an attractive market that still has yet to realize its potential, ...more.
Orascom Telecom's Chairman says that the company has delayed seeking international arbitration over its dispute with the Algerian government over the government's attempts to nationalise the Orascom's local mobile network subsidiary, Djezzy. ...more.
Orascom Telecom's troubled Algerian subsidiary, Djezzy could delay payment of up to 80% of the disputed US$230 million tax demand, according to the director at Algeria's tax department Mustafa Zikara. ...more.
Russia's VimpelCom has announced an amended agreement to buy Wind Telecom (formerly Weather Investments) from Egypt's Naguib Sawiris. ...more.
The Algerian government will only complete its planned buyout of Orascom Telecom's local subsidiary, Djezzy after Orascom settles its debts and pays back its taxes, ...more.
Russia's VimpelCom has warned the Algerian government that it might sue if the government pursues its attempts to nationalise Djezzy, the Orascom Telecom subsidiary that is part of a sale agreement between the two companies. ...more.
Egypt's Orascom Telecom Holding (OTH) says that it has received another tax bill from the Algerian government - this time for US$230 million. ...more.
Orascom Telecom Algeria's CEO, Tamer al-Mahdy has been called in by the local police to answer questions about allegations that his company has violated the rules of the Algerian stock market, ...more.