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Algeria postpones Djezzy appeal over $1.3 bln fine
April 29, 2012 / 4:50 PM / 5 years ago

Algeria postpones Djezzy appeal over $1.3 bln fine

ALGIERS, April 29 (Reuters) - An Algerian court on Sunday postponed until May 6 an appeal hearing into a $1.25 billion fine imposed on Djezzy, the local mobile phone unit of Russian telecoms firm Vimpelcom, a judicial source told Reuters.

Djezzy chief executive Tamer El Mahdy, who has been convicted in the case and faces jail if the conviction is upheld, failed to appear for the hearing, the source said.

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