The Russian telecoms group Vimpelcom says its subsidiary in Algeria, Orascom Telecom Algeria (OTA), which offers mobile services under the brand name Djezzy, will appeal fines totalling DZD99 billion (USD1.3 billion) which have been imposed for alleged breaches of foreign exchange regulations. A senior executive at Djezzy is also facing a criminal sentence as part of the same court judgement.
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OVETEL Vimpelcom’s Algerian unit Djezzy hit with USD1.3bn fine
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