Monday, August 30, 2010

Egypt’s Sawiris, Russia’s VimpelCom Said to Discuss Merger

Egyptian billionaire Naguib Sawiris is in talks to merge his telecom assets, Egypt’s Orascom and Wind Italy, with VimpelCom Ltd. The merger would make Sawiris a significant minority in the new company. The merger would also give VimpelCom, Russia’s second largest mobile phone operator, access to African and Middle Eastern markets. (Moscow Times 23 August 2010)

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