Vimpelcom seeks new buyer for Telecel Globe assets - report

Friday 30 May 2014 | 11:19 CET | News
Vimpelcom is apparently seeking to sell its Telecel Globe assets, despite agreeing to sell the company to Niel telecom for around EUR 75 million in 2013, TMT Finance reported. Niel Telecom had reportedly agreed to acquire Telecel Globe, which encompasses the Leo unit in Burundi and the Telecel Centrafrique unit in Central African Republic (CAR), subject only to closing conditions. However, TMT Finance cited its sources as saying that Niel had struggled to get sufficient financing for the deal.

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Categories: Mobile & Wireless
Companies: Africell / Telecel / Vimpelcom
Countries: Africa
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