VimpelCom inks a $6.8billion deal with Orascom, Sawiris (Egypt,Russia)

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Russian mobile operator VimpelCom Ltd. has signed a deal to combine itself with Egyptian billionaire Naguib Sawiris, including almost half of Orascom Telecom Holding SAE, for US$6.8 billion in stock and cash. The deal will be the world’s fifth-largest mobile telecom by subscribers, merging Russia’s second-biggest mobile operator with the leading player in the Arab world. It symbolizes VimpelCom’s first …

EditorVimpelCom inks a $6.8billion deal with Orascom, Sawiris (Egypt,Russia)