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Sources: Algeria govt wants Orascom Telecom to leave

Algiers– The Algerian government wants Egyptian group Orascom Telecom to relinquish its stake in Algeria’s number one mobile telephone operator, government and financial industry sources said.

A senior government official with direct knowledge of the Orascom issue, who did not want to be named, said, "We don’t want Orascom any more."

A financial industry source familiar with the government’s thinking on Orascom who also did not want to be identified, told Reuters: "The government considers Orascom’s way of doing business in Algeria as not in its interests. The consequence of that is that Orascom should exit the Algerian market."

A spokesman for Orascom Telecom’s Algerian unit, Djezzy, said he had no comment.

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