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VimpelCom signs deal to sell 51% of Orascom Algeria

Friday 18 Apr 2014 | 12:01 CET | News
VimpelCom and Global Telecom Holding (GTH) have signed an agreement to sell 51 percent of their subsidiary Orascom Telecom Algeria (OTA) to Algerian National Investment Fund FNI for USD 2.64 billion. OTA, which uses the Djezzy brand, will distribute a USD 1.86 billion dividend to GTH immediately prior to the closing of the transaction, which is expected to occur by the end of the year. The total ...

VimpelCom signs deal to sell 51% of Orascom Algeria

Friday 18 Apr 2014 | 12:01 CET | News VimpelCom and Global Telecom Holding (GTH) have signed an agreement to sell 51 percent of their subsidiary Orascom Telecom Algeria (OTA) to Algerian National Investment Fund FNI for USD 2.64 billion. OTA, which uses the Djezzy brand, will distribute a USD 1.86 billion dividend to GTH immediately prior to the closing of the transaction, which is expected to occur by the end of the year. The total ...

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Telus agrees new bid for Mobilicity

18 Apr 2014 09:36 CET | Canada
Mobilicity has reached a new agreement to be acquired by Telus for CAD 350 million. Mobilicity has been under protection from ...

British Pathe puts entire video collection on YouTube

18 Apr 2014 14:19 CET | World
Newsreel film company Pathe News has put up its 85,000 video collection online onto YouTube, Silicon Republic reported. Available ...

Beltelecom revenues pass BYR tln last year

18 Apr 2014 14:01 CET | Belarus
Belarusian national operator Beltelecom reported revenues of over BYR 5 trillion, or USD 531.7 million, last year, reports ...

Tele2 Lithuania to sell unused handsets, tablets

18 Apr 2014 13:17 CET | Lithuania
Mobile operator Tele2 Lithuania has introduced a service which enables subscribers to sell unused handsets and tablets. The ...

Researchers send 1.44 Tbps over 300 km using optical combs

18 Apr 2014 13:07 CET | Germany
The Karlsruhe Institute of Technology (KIT) and the Swiss Ecole Polytechnique Federale de Lausanne (EPFL) have published a study ...
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21 Apr Netflix Q1 2014
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