Algeria ICT minister Imane Houda Feraoun has revealed that the activities of state-owned companies Algerie Telecom (AT), Algerie Telecom Mobile (Mobilis) and Algerie Telecom Satellite (ATS) will now be managed by a new entity, Groupe Telecom Algerie (GTA), Huffpost Maghreb writes. The restructuring – which has been on the cards since 2014 – was reportedly approved last month by the Conseil des Participations de l’Etat (CPE), the agency managing the Algerian government’s stake in state-owned business entities. Feraoun said that the new group will be tasked with ‘pooling certain activities, including communication, human resource development, development plans and purchases’ of the three entities, which amount to ‘millions of dollars’ per year. The minister also said that the state embarked on the restructuring project as the current model of operation of the three companies ‘was not very advantageous in relation to their economic positioning.’
Algeria,Algerie Telecom (AT), Algerie Telecom Mobile (Mobilis), Corporate/Financial, Mergers/Acquisitions
09 May 2017
