Djezzy

Egypt’s Global Telecom to sell Djezzy majority stake for $2.6 bn
Egypt

Egypt’s Global Telecom to sell Djezzy majority stake for $2.6 bn

Egypt's Global Telecom (GTH) will sell a 51 percent stake in Djezzy for $2.6 billion while keeping operational control of…
Algeria says it has not yet received Djezzy valuation
Business

Algeria says it has not yet received Djezzy valuation

Algeria's telecom ministry has not received a valuation of Orascom Telecom's mobile unit Djezzy, its single biggest source of revenue…
Egypt’s Orascom Telecom up on Algerian unit report
Business

Egypt’s Orascom Telecom up on Algerian unit report

Orascom Telecom climbed more than 7 pct after an Egyptian newspaper reported that a law firm charged with valuing the…
Orascom: Little progress yet on Djezzy row
Business

Orascom: Little progress yet on Djezzy row

Orascom Telecom has made scant progress resolving its row with Algeria but a solution may be more likely now, its…
Algeria appoints Shearman to advise on Orascom nationalization
Business

Algeria appoints Shearman to advise on Orascom nationalization

Algeria has provisionally appointed law firm Shearman & Sterling LLP to advise it on the nationalisation of Orascom Telecom's local…
Orascom to refer Algerian tax demands to international arbitration
Business

Orascom to refer Algerian tax demands to international arbitration

Orascom Telecom Holding (OTH) plans to resort to international arbitration after the Algerian government levied additional taxes on Djezzy, the…
Orascom’s Djezzy asked to pay US$230 million in back taxes
Business

Orascom’s Djezzy asked to pay US$230 million in back taxes

The Algerian tax authority has levied US$230 million of back taxes on Orascom Telecom's Algerian subsidiary Djezzy, company officials announced.The…
Sawiris: Orascom may seek international arbitration to end Djezzy impasse
Business

Sawiris: Orascom may seek international arbitration to end Djezzy impasse

Egypt's Orascom Telecom may seek international arbitration to end a dispute with Algeria that is holding up its US$6.6 billion…
Vimpelcom seeks loan to buy OT, Wind
Business

Vimpelcom seeks loan to buy OT, Wind

Russian mobile operator Vimpelcom is trying to secure a US$4 billion loan in order to fund a merger with the…
Sawiris to found new company for assets excluded from recent merger
Business

Sawiris to found new company for assets excluded from recent merger

Naguib Sawiris, chairman of Orascom Telecom (OT) and CEO of Weather Investments, has announced plans to establish a new company…
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