Russian quad-play provider VimpelCom has acquired 100% ownership of Wind Italia and 51.7% of Orascom Telecom Holding (which has interests in Bangladesh and Tunisia) for a reported US$1.8bn (1.3bn) in cash and shares through a deal with Weather Investments, the investment vehicle of Egyptian entrepreneur Naguib Sawiris.
The move makes VimpelCom the fifth largest mobile provider globally, with pro-forma net operating revenues of US$21.5bn and EBITDA of US$9.5bn for 2009. The transaction gives Weather a 20% stake in the Russian operator.
ICYMI: European Commission takes issue with planned French SVOD rules digitaltveurope.com/2021/04/15/eur… https://t.co/v7ZXLiCufN
15 April 2021 @ 20:00:01 UTC
ICYMI: Liberty Global trialling Distributed Access Architecture with Teleste digitaltveurope.com/2021/04/15/lib…
15 April 2021 @ 18:28:00 UTC
SPI/FilmBox expands into Nordic market with Waoo deal digitaltveurope.com/2021/04/15/spi… https://t.co/WZBzkO5lPy
15 April 2021 @ 17:00:00 UTC