Orascom Algeria is Not for Sale says MD
Orascom Telecom Algeria (OTA), a subsidiary of the Egyptian Orascom Group has dismissed rumours that it is for sale. According Hassan Kabbani, as long as Algeria remains an emerging economy ICTs will remain central to its development so the sale of Orascom is out of the question, he said. African countries like Algeria are still experiencing a great deal of growth with regards to telecommunications services.
"Our intention is to open up our capital once the Algiers exchange market becomes developed", he underlined. In the meantime, explained Kabbani, "we intend to diversify and extend existing activities to housing, petrol, chemistry and banking sectors."
Orascom Telephone Algeria is the first private mobile telephone operating under the Djezzy brand which obtained its operations licence in 2001 with US$737 million as investment money.
Since its launch, the Djezzy group has achieved outstanding performances. It is a leader with 14 millions subscribers compared to the 8 million of the publicly owned Mobilis and 4 million of the Qtel Nedjma company.
Meanwhile, the Director general of OTA states that Djezzy has managed to recruit 3,700 employees in which 3,300 are highly qualified and 20 000 are subcontract jobs for a period of 6 years. He adds "our network consists of 20 000 sale points, 920 customers councillors and 320 roaming partners in 134 countries."