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Altimo offers $1.8-billion to buy out minority shareholders of Wind Mobile parent

2013-04-17 04:19:17| Telecom - Topix.net

Russian billionaire Mikhail Fridman's Altimo launched on Tuesday an offer to buy out minority shareholders in Egypt's Orascom Telecom for around $1.8-billion. Egypt's stock exchange said in March that a Cyprus-based firm owned by Altimo had offered $0.70 per share for all of Orascom Telecom's 5.2 billion shares.

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