Mobilis to float on Algerian exchange

Mobilis to float on Algerian exchange

Algerian network operator Mobilis is one of eight state firms to be listed on the Algiers stock exchange, as the government looks to diversify its economy.

Reuters cites a report in the government-run newspaper El Moudjahid quoting Abelhakim Berrah, head of the Algerian capital markets authority.

Berrah said: “This is a strong signal from the government to boost the economy and diversify the financial resources.”

Mobilis was one of three operators in the country to be granted a 3G licence by the regulator in September.

Posted in: Telecoms

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