| Algeria: Etisalat to Bid for 35% of Algerie Telecom |
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| Monday, 19 June 2006 | |
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Emirates Telecommunications Corporation (Etisalat) says it intends to bid for a 35% stake in state-owned Algerie Telecom. Algeria's Ministry of Postal Services, Information Technology and Communications will finalize a tender for the sale of 35% of the operator by the end of June. The tender is expected to take place before the end of this year and raise around US$ 3.5 billion. About 43 companies, including a number of European operators, have expressed interest in bidding for the partial privatization of the Algerian wireline incumbent. Algerie Telecom operates around 3.5 million fixed lines and has 4 million mobile subscribers. Source:Dow Jones - WDR/Intelecon Regulatory News |