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Tag: orascom
Orascom Telecom advises shareholders to reject Baskindale buyout
2013-05-15 02:00:00| Total Telecom industry news
Egyptian operator says independent advisor has valued its shares higher than offer price.
Tags: telecom
shareholders
reject
advises
Altimo moves for Orascom stake, Vimpelcom will not sell out
2013-04-16 02:00:00| Total Telecom industry news
Russian investment firm insists proposed $3.67 billion deal is good value for Orascom shareholders despite analysts' concerns.
Altimo unit offers to purchase Egypt's Orascom Telecom
2013-04-02 02:00:00| Total Telecom industry news
Cyprus-based unit's offer values operator at $3.67 billion.
Tags: offers
purchase
unit
telecom
UPDATE 2-Altimo subsidiary offers to buy Egypt's Orascom Telecom
2013-04-01 12:24:24| Telecom - Topix.net
Egypt's stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent of Egypt's Orascom Telecom .
Tags: buy
offers
update
telecom
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.