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Orascom Telecom Cut to ‘Underperform’ From ‘Buy’ at BofA Merrill

Bloomberg - Thu Nov 26, 2:45 am ET

Nov. 26 (Bloomberg) -- Orascom Telecom Holding SAE, the biggest mobile-phone company in the Middle East, was cut to “underperform” from “buy” at BofA Merrill Lynch Global Research on concern an Algerian tax claim will stifle growth prospects.