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Sawiris Says No Intention To Sell Djezzy Or Leave Algeria
Published Dec 2, 2009
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Orascom Telecom said that it has no intention to sell Algerian subsidiary Djezzy, commenting on news about Vivendi eyeing OT Djezzy.
Orascom Chairman Naguib Sawiris said there is no intention of leaving Algeria or selling its operator there to Vivendi.
Analysts attributed OT’s rejection to sell Djezzy — despite current tension caused by the Egypt and Algeria world cup qualifying match — to its significant contribution in parent revenues as it came in the first place among OT affiliates earning 33.6 percent of revenues over the last nine months. Pakistani Mobilink ranked second by 20.8 percent while Mobinil came third by 18.4 percent.
Posted by
VMD - [Virtual Marketing Department]
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