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Home | Business | Telecom Egypt to liquidate investment in Algeria

Telecom Egypt to liquidate investment in Algeria

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Telecom Egypt and partner Orascom telecom said they will liquidate their land line telephone investment in Algeria, said regulatory news service Thursday.

  • Telecom Egypt and Orascom face competition difficulties since they won the license in 2005. Algerie telecom, the state run company, is monopolizing the land line telephone market in the country.
  • Orascom telecom however is leading the mobile telephone market in Algeria. The Egyptian group owner Nadjib Sawiris had ruled out selling  his Algerian subsidiary or move from the country.

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