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Global Telecom releases valuation of Djezzy

Friday 22 August 2014 | 10:48 CET | News
Global Telecom (GTH) has released a valuation of its Algerian unit Djezzy, ahead of a shareholder vote on the sale of a stake to the Algerian government, Reuters reported. GTH said the stake was worth USD 2.539 billion, meaning the USD 2.6 billion price which the Algerian government agreed to pay would be a 4 percent premium to its estimated fair value. GHT cited a study it commissioned from financial advisers HC. GTH's parent, Amsterdam-based Vimpelcom, had agreed the sale to the Algerian government in April, but minority shareholders must still vote on the deal at a meeting scheduled for

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Categories: Mobile & Wireless
Companies: Djezzy / Orascom Telecom / Vimpelcom
Countries: Algeria
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