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FINANCIAL NEWS
Orascom appeals against Algeria court order
05 Apr 2010
(MENAFN) Egypt’s Orascom Telecom said that it has filed an appeal to Algeria’s administrative court to cancel a claim it owes Algeria back taxes for 2004-2007, Reuters reported.
The company said its Algeria unit Djezzy had paid the remaining $254 million in taxes owed against the Algeria tax claim pending a settlement.
The firm, the Arab world’s largest mobile operator by subscribers, asked the court to suspend another $175 million in penalties until a final judgment is reached, it said in a statement.
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