Thursday, August 12, 2010

Russia’s VimpelCom May Buy Wind and Orascom Telecom

Russia’s second-largest mobile operator, VimpelCom Ltd., may sign a deal with Egyptian businessman Naguib Sawiris to purchase Italy's No.3 mobile operator, Wind, and 51 percent of Egypt's Orascom Telecom Holding. The acquisition would mark a major expansion into Asia, Europe, and North Africa. This deal would be beneficial to Vimpelcom in becoming a truly international player with a diversified geographical exposure, said a UniCredit Securities analyst.

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