|Al-Ahram Weekly Online
21 - 27 February 2002
|Published in Cairo by AL-AHRAM established in 1875||Current issue | Previous issue | Site map|
ORASCOM Telecom (OT) this week announced the launch of its mobile network in Algeria. The new network, marketed as Djezzy GSM, is Algeria's second.
Part of OT's plans to expand its regional presence, Djezzy is expected to attract a million subscribers during the first 18 months of operation, according to Naguib Sawiris, OT chairman.
Orascom Telecom won the licence to operate in Algeria last July at a cost of some $737 million. The other bidder for the network, Orange, a subsidiary of France Telecom, could only muster the much lower sum of $422 million.
Orascom Telecom, which owns 31.3 per cent of MobiNil, one of Egypt's two GSM networks, also operates networks or holds licences in Jordan, Syria, Yemen, Pakistan and 14 African countries.
Orascom Telecom also has interests in Internet and satellite operations and public payphones.
THE PROSPECTS of economic trade cooperation were discussed recently by Saudi Minister of Internal Trade Osama Al-Faqih and Egyptian Minister of Supply Hassan Khedr.
The talks focused on means of encouraging businessmen from both countries to establish joint-venture investment projects, as well as measures to increase the volume of trade between them.
The volume of trade between the two countries reached an estimated 2.2 million Saudi riyals (LE2.8 million) in 2000. Invested capital in joint-venture investments was estimated at 9.2 million Saudi riyals.
In an effort to encourage the development of cooperation between the two countries, Khedr also held talks with numerous Saudi officials and businessmen in Riyadh.
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