je.st
news
Tag: orascom
Altimo buyout of Orascom Telecom shareholders not completed Monday
2013-05-28 02:00:00| Total Telecom industry news
Russian company's offer saw 15.9% of shares tendered, below regulators' minimum requirement.
Tags: monday
completed
telecom
shareholders
Altimo's Orascom Telecom Bid Falls Short
2013-05-27 23:09:44| Telecom - Topix.net
Russian billionaire Mikhail Fridman's bid of as much as $1.8 billion for full control of Egypt 's Orascom Telecom Holding SAE failed after holders of about 16 percent of the shares accepted the offer.
Orascom Telecom shareholders tender 10 pct in Altimo offer
2013-05-25 05:50:32| Telecom - Topix.net
CAIRO/MOSCOW: Egypt's Orascom Telecom is closer to being delisted, sources said Friday, after holders of around 10 percent of its stock agreed to be bought out.
Tags: offer
telecom
tender
shareholders
Altimo won't raise offer price for Orascom Telecom shares
2013-05-21 02:00:00| Total Telecom industry news
Russian firm's comments come after Orascom advised shareholders to reject $0.70-per-share bid.
Tags: price
offer
raise
shares
Orascom Telecom rejects Altimo buy-out offer
2013-05-15 08:54:00| Telecompaper Headlines
(Telecompaper) Egypt's Orascom Telecom announced that its board of directors has recommended shareholders reject an offer from Russian investor Altimo to buy out the mobile company for USD 0.70 a share. Independent financial adviser HC Securities and Investments put the fair value of Orascom's shares higher, at USD 0.86 per share, the company said. Altimo made the offer which values all of Orascom at USD 3.7 billion in early April. Altimo already has a 47.85 percent voting interest in Orascom's controlling shareholder Vimpelcom. Representatives of Vimpelcom, which owns 52.92 percent of Orascom Telecom, did not vote on the board's opinion of the bid. Vimpelcom said separately that it does not plan to tender its Orascom shares to Altimo under the current terms of the offer.
Tags: offer
telecom
rejects
buyout