ALGIERS, July 9 (BERNAMA-NNN-APS) -- Four Algerian public sector entitites have jointly set up a new company, Telecommunication Infrastructure Company of Algeria (CITA), to manage the country's fiber-optic networks.
CITA was set up Sunday by Algerie Telecom (AT) with a 55 per cent shareholding, national oil company Sonatrach (20 per cent), electricity and gas distribution company Sonelgaz (20 per cent), and the National Rail Transport Company (SNTF) with the remaining 5 per cent.
The company, which has a share capital of 500 million Dinars, was established at a ceremony officiated by the chief executive officers (CEOs) of the partners and chaired by Minister of Post and Information and Communication Technology, Moussa Benhamadi.
The creation of a public company for the management and development of optic-fibre of alternative network operators is part of the national high and very high speed strategy.
The need to create this entity was reiterated in 2010 by President Abdelaziz Bouteflika, who gave orders for the mutualisation of resources in terms of ICT infrastructures.