Wanadoo Plans $20m Investment in Algeria
March 13, 2001 - 0:0
ALGIERS French Internet provider Wanadoo plans to invest $20 million over the next five years in Algeria in partnership with local firm EEPAD to tap the under-exploited Algerian market, EEPAD said on Sunday.
Wanadoo signed an agreement late on Saturday under which it bought 25 percent of Internet provider EEPAD's capital.
"Wanadoo will bring us tech assistance and know-how in the field that will allow us to widen our presence in Algeria," said Nouar Harzallah, manager of Etablissements d'Enseignement Professionnel a Distance (EEPAD).
(Reuter)