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Wireless

Niel Telecom in talks to buy Telecel Burundi, CAR - report

Friday 5 July 2013 | 08:16 CET | News
Luxembourg-based Niel Telecom is in advanced talks to acquire Orascom's mobile operators in Burundi and the Central African Republic for over EUR 75 million, reports Jeune Afrique citing no sources. These were among the first assets Egyptian group Orascom Telecom decided to sell after its takeover by Russia's Vimpelcom. Other affiliates up for sale include Telecel Zimbabwe. Niel Telecom is headed by Lauren Foucher, said to have been oil group Maurel & Prom's advisor for Africa until 2009.

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Categories: Mobile & Wireless
Companies: Orascom Telecom / Telecel / Vimpelcom
Countries: Africa / Burundi / Central African Republic
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