Support The Moscow Times!

VimpelCom Silent in Algeria

CAIRO — Orascom Telecom chairman Naguib Sawiris on Thursday ruled out VimpelCom succeeding in talks over the dispute with the Algerian government over its Djezzy unit.

The long-running dispute over Djezzy, Orascom Telecom's biggest single source of revenue, has complicated a $6 billion-plus deal for VimpelCom to take control of Orascom Telecom and its parent Wind Telecom, which is expected to close by May. "I do not think VimpelCom will succeed in negotiations in Algeria," Orascom Telecom's chairman said in a shareholders meeting Thursday.

Orascom Telecom's chief executive Khaled Bichara told the meeting that if VimpelCom negotiations did not succeed, Orascom would seek international arbitration.

(Reuters)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more