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Egypt's OT: Algeria ready for talks
Reuters Published in The Egyptian Gazette on 02 - 06 - 2010

Egyptian mobile group Orascom Telecom (OT) confirmed on Wednesday that it had received a response from the Algerian government saying it was ready to start talks over the purchase of Orascom's Algerian unit Djezzy.
"The company has indeed received a letter from the Algerian government expressing its readiness to start negotations regarding buying the company's unit in Algeria," it said in a statement published by the Egyptian stock exchange before trade Wednesday.
Talks with MTN over the acquistion of some of Orascom's other assets have continued, and the company said it would issue a statement before Egypt's bourse opens on Wednesday.
It had said Tuesday that the Algerian government had agreed to start talks over Djezzy.

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