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Valuation of Orascom Telecom’s Algeria unit stalled

The valuation of the Algerian government of Orascom Telecom's local mobile phone unit has been delayed because of a disagreement about disclosing company data, Reuters has reported, citing two telecoms sector sources. Algeria's government hired law firm Shearman and Sterling in January to conduct the valuation and instructed it to complete the work by the end of May. "The valuation has not been done yet because Djezzy refused to allow Shearman access to its database," an Algerian telecoms sector source familiar with the Djezzy case told the news service.