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Wireless

Vimpelcom to sell Africa, Asia assets - report

Monday 29 October 2012 | 08:55 CET | News
VimpelCom is planning to sell several of its emerging market businesses in Africa and Asia as part of a rationalisation of its operations to focus on core growth areas. The Russian group has spoken to potential buyers of its sub-Saharan African units from Burundi and the Central African Republic, the Financial Times reports. It is also expected to sell its Zimbabwe business Telecel after resolving outstanding ownership and licensing issues. The three businesses could be valued at more than USD 60 million, according to one person with knowledge of the situation, with about USD 94 million of

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Categories: Mobile & Wireless
Companies: Telecel / Vimpelcom
Countries: Africa / South East Asia
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