Orascom Telecom has announced that Algeria’s Court of Appeal has dismissed its claim to overturn an earlier judgement which imposed fines totalling DZD99 billion (USD1.3 billion) on its local subsidiary Orascom Telecom Algeria (OTA), which trades under the Djezzy brand. Orascom says it will now take its case to the country’s Supreme Court
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OVETEL Orascom fails with Algeria appeal against USD1.3bn fine
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