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Home › UPDATE 1-Egypt's Global Telecom to sell Djezzy majority stake for $2.6 bln

 

UPDATE 1-Egypt's Global Telecom to sell Djezzy majority stake for $2.6 bln

2015-02-01 16:50:33| Telecom - Topix.net

Egypt's Global Telecom will sell a 51 percent stake in Djezzy for $2.6 billion while keeping operational control of the Algerian mobile operator, Global said in a statement on Sunday. The sale to the Algerian National Investment Fund is the result of a deal reached last April between GTH's Russian parent firm Vimpelcom and Algeria to end a dispute over the country's moves to nationalise Djezzy.

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