Egyptian Orascom to expand phone service through the Arab states

The Egyptian Orascom Technologies company and the Emirates company have endorsed an agreement to establish a company along with the holding company for communications in Algeria, with the aim of establishing and activating a telephone network by the GSM system through investments amounting to $1 billion.

The deal comes among several projects won by several Arab states on the B.O.T (build, operate, transfer) system, valued at a total of more than $2 billion in Algeria.

Meanwhile the Egyptian Orascom company plans to expand in the Arab states, where it owns 60% of Fast Link Company that manages the Jordanian mobile phone network and also plans to activate a mobile phone network in Syria.