Home Altimo offers to buy rest of Orascom Telecom
 

Keywords :   


Altimo offers to buy rest of Orascom Telecom

2013-04-01 08:31:00| Telecompaper Headlines

(Telecompaper) Russian investment company Altimo has made an offer to buy the shares it does not already own in Egypt-based Orascom Telecom. Altimo is offering USD 0.70 a share, similar to Orascom's last closing price of EGP 4.41 the day before the announcement. The offer values all of Orascom at USD 3.67 billion. Altimo currently owns around 47.9 percent of Russian operator VimpelCom, which holds about 51.7 percent of Orascom. Orascom sold most of its assets to Vimpelcom earlier, but still controls mobile operations in Algeria, Bangladesh, Burundi, Canada, the Central African Republic, Pakistan and Zimbabwe.

Tags: buy offers rest telecom

Category:Telecommunications

Latest from this category

All news

»
06.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Forecast Discussion Number 9
05.11Tropical Storm Rafael Wind Speed Probabilities Number 9
05.11Tropical Storm Rafael Public Advisory Number 9
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 9
05.11Delayed implementation of EID eartag rule requested
More »