Algeria court confirms fine on Orasom Telecom

News Wireless Algeria 28 MEI 2012
Algeria court confirms fine on Orasom Telecom
Orascom Telecom said on that an Algerian court had confirmed fines against its Algerian subsidiary Djezzy but had suspended a jail sentence on a member of the unit's senior executive team. The court of appeal confirmed a judgement against Orasom Telecom Algerie (OTA) that consisted of fines of about USD 1.3 billion. OTA said it still maintains that its senior executive has acted in compliance with the law, and OTA is taking the necessary steps to file an appeal with the Algerian Supreme Court. It said the lodging of the appeal will provisionally suspend the judgment. The criminal custodial sentence previously ordered against a member of OTA's management has been suspended. However, OTA has been ordered to pay the whole amount of the fines.

Categories:

Mobile

Companies:

Orascom Telecom

Countries:

Algeria

Tags:

Wholesale, Legislation - Lawsuits

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