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Posts Tagged ‘VimpelCom’

  • Vimpelcom to get $7.8 billion for Algerian unit

    January 25, 2012 • Mobile and Telecoms, Top StoriesComments Off on Vimpelcom to get $7.8 billion for Algerian unit

    According to Emerging Money, Russian telecom giant Vimpelcom has reportedly signed an agreement with the Algerian government for the country’s telecom unit previously owned by Orascom Telecom, which Vimpelcom purchased last year. The deal is being reported...

  • Vimpelcom sees massive gains in stock value as sale imminent

    January 11, 2012 • Mobile and Telecoms, Top StoriesComments Off on Vimpelcom sees massive gains in stock value as sale imminent

    Investors are whetting their appetites at the possibility of Egyptian telecommunications company Orascom’s Djezzy unit being available for purchase. That optimism continued on Monday and Tuesday in New York, as Russia’s second largest mobile operator...

  • Vimpelcom to sell-off Djezzy in Algeria

    January 10, 2012 • Mobile and Telecoms, Top StoriesComments Off on Vimpelcom to sell-off Djezzy in Algeria

    Telecom group Vimpelcom has agreed to sell its majority stake in the Algerian state operated Djezzy unit, which had been owned by Egypt’s Orascom Telecom. After Vimpelcom purchased Orascom last year, the nationalization of the Djezzy unit sparked...

  • Algeria in talks with Vimpelcom over Djezzy future

    November 15, 2011 • Mobile and TelecomsComments Off on Algeria in talks with Vimpelcom over Djezzy future

    The Algerian government is holding talks with the telecom firm Vimpelcom over the fate of the nation’s Djezzy mobile phone operator, according to Algerian Finance Minister Karim Djoudi. “Things are taking place normally. I have h ad a meeting with a...

  • Orascom share price increases

    October 24, 2011 • Mobile and TelecomsComments Off on Orascom share price increases

    Shareholders of one of Africa’s biggest mobile network operators, Orascom Telecom Holdings have witnessed major business gains over the past week, due to the company splitting into two separate entities. The Cairo-based company saw their share price...

  • Sawiris to ask for Vimpelcom board seats

    May 11, 2011 • Top StoriesComments (1)

    According to local newspaper reports, Egyptian business tycoon Naguib Sawiris is expected to ask Russian mobile operator Vimpelcom for three seats on the board within 6 months. It comes as the Wind Telecom chairman looks at alternatives if an existing...

  • Egypt’s EFG-Hermes finalizes Vimpelcom deal

    April 25, 2011 • Mobile and TelecomsComments Off on Egypt’s EFG-Hermes finalizes Vimpelcom deal

    Egypt’s leading investment bank EFG-Hermes closed a deal with VimpelCom-Wind Telecom on Thursday for a whopping $7 billion, the investment bank said in a statement published late Thursday. According to their statement, it is the “largest M&A...

  • Beltone: Mideast unrest leaves telecoms weaker

    April 1, 2011 • Mobile and TelecomsComments Off on Beltone: Mideast unrest leaves telecoms weaker

    Beltone Financial on Thursday issued a new report saying that the political unrest and mobile operations that were disrupted in the region left telecom operators weaker in the first quarter of 2011. However, the investment bank added that they expect a...

  • Egypt telecom merger with Russian carrier approved

    March 18, 2011 • Mobile and TelecomsComments (1)

    A merger that appeared headed for the dumpster was approved on Thursday in the Netherlands by VimpelCom shareholders. The move means Egypt’s Orascom Telecom is set to merge with the Russian carrier’s  eastern European operations, adding to the vast...

  • Sawiris-VimpelCom deal likely to go through

    January 19, 2011 • Mobile and Telecoms, Top StoriesComments Off on Sawiris-VimpelCom deal likely to go through

    CAIRO: Russian telecommunications operator Vimpelcom’s deal to buy telecom assets from Egyptian billionaire Naguib Sawiris has “a very big chance” of going through, Sawiris told Reuters on Tuesday. Asked if he was worried VimpelCom...