(AFX UK Focus) 2010-03-07 17:31 UPDATE 1-Orascom Telecom says Algerian tax appeal rejected (Interactive Investor)
CAIRO, March 7 (Reuters) – Algerian authorities have rejected Orascom Telecom’s appeal against claims its Djezzy unit owed back taxes and penalties from 2004 to 2007, the Egyptian mobile operator said on Sunday. Orascom said it “intends to appeal the rejection according to the Algerian rules and regulations which dictates a three tiered appeal process.” To do so it will have to pay 20 percent of …
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