Monday, 25 June 2018

Vimpelcom does $2.64bn Djezzy deal

By Mary Lennighan, Total Telecom
Tuesday 22 April 14

Russian operator resolves issues in Algeria with sale of 51% stake in mobile operator to state-owned investment fund.

Russia's Vimpelcom has agreed to sell its majority stake in Algerian mobile operator Djezzy to the state, bringing to an end a long-running dispute over the ownership of the unit. Vimpelcom will transfer a 51% stake in Djezzy held by its Global Telecom Holding (GTH) subsidiary to Algeria's Fonds National d'Investissement…

Russia's Vimpelcom has agreed to sell its majority stake in Algerian mobile operator Djezzy to the state, bringing to an end a long-running dispute over the ownership of the unit. Vimpelcom will transfer a 51% stake in Djezzy held by its Global Telecom Holding (GTH) subsidiary to Algeria's Fonds National d'Investissement…

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