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

Keywords :   


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.

Tags: sell global update majority

Category:Telecommunications

Latest from this category

All news
»
08.11Tech giants dominate U.S. streaming platform market
08.11Warner Bros. Discovery adds 7.2 million DTC subscribers in 3Q 2024
08.11Polyurea-Based Lining is Key to GRE Pipeline Rehab Project in UAE
08.11Parents paying over the odds for baby milk, watchdog warns
08.11Sports fans driving global growth in streaming services
08.11TiVo OS footprint approaching one million activated Smart TVs
08.11The Entertainer axes new shops after Budget tax rise
08.11Hurricane Rafael Graphics
More »