News From Telecom World

Telecom Egypt and Orascom Telecom to liquidate Algerian venture Lacom

Posted on: November 19, 2008

Telecom Egypt and Orascom Telecom agree to liquidate their Algerian joint venture, 50% owned by both. Both the operators have been complaining about the state owned Algerie Telecom is getting greater preference in comparison to their venture Lacom, so now they both plan to exit the Algerie mobile market.

Source: Wireless Federation

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