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Orascom sale talks continue, says report

Cairo, June 13, 2010

Egypt's Orascom Telecom is still in talks with international telecoms firms to sell some of its African assets, after negotiations with South Africa's MTN  failed last week, a newspaper reported.

"Orascom Telecom Holding continues to hold a number of negotiations to sell its African units, with the exception of its (Algerian) unit Djezzy," the daily Al-Mal said, citing a source closely connected with the talks.

Orascom and MTN had been in talks to sell some or all of the Egyptian firm's assets to MTN, but the deal failed after the Algerian government refused to allow Orascom to sell its Algerian unit Djezzy to MTN. - Reuters




Tags: Egypt | Orascom | MTN |

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