/ 13 March 2001

WANADOO PLANS $20BN ALGERIAN VENTURE

FRENCH internet provider Wanadoo plans to invest $20m 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% 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). – Reuters