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Home › VimpelCom Sells 51% Djezzy Stake to Algeria to Reduce Debt

 

VimpelCom Sells 51% Djezzy Stake to Algeria to Reduce Debt

2014-04-18 20:59:36| Telecom - Topix.net

VimpelCom Ltd. agreed to sell a majority stake in its Algerian unit Djezzy to the North African country's government, providing it with $4 billion in cash and dividends that will allow it to cut debt.

Tags: reduce debt algeria sells

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