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.
http://www.themoscowtimes.com/business/article/egypts-sawiris-vimpelcom-said-to-discuss-merger/413412.html (Moscow Times 23 August 2010)
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