Vimpelcom buys Orascom Telecom, Wind Italy

Tuesday 5 October 2010 | 09:19 CET | News
Russian operator Vimpelcom has agreed to take over much of Orascom Telecom and Italian operator Wind. The agreement with Weather Investments will see Vimpelcom acquire 51.7 percent of Orascom Telecom and 100 percent of Wind Telecomunicazioni in exchange for 326 million Vimpelcom shares and USD 1.8 billion cash. The Orascom activities in Egypt and North Korea are excluded from the transaction, as is Wind Hellas in Greece. The Weather shareholders will have a 18.5 percent voting stake in Vimpelcom after the deal, while Telenor's stake will dilute to 29.3 percent and Altimo will hold 36.4

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Categories: Mobile & Wireless
Companies: Altimo / Orascom Telecom / Telenor / Vimpelcom / Weather Investments / Wind / Wind Hellas
Countries: World
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