VimpelCom Raises Funding for Orascom Purchase: Reports (Russia, UAE)

Editor Mobile

¬≠If reports are to be believed, Russia’s VimpelCom is seeking to raise US$4 billion as a bridging loan to fund its bid for Orascom Telecom Holding and Wind Telecomunicazioni. According to reports, citing senior bankers, the financing will be replaced with bonds at a later date. The loans will be used to fund the cash component of the acquisition for …

EditorVimpelCom Raises Funding for Orascom Purchase: Reports (Russia, UAE)

Sawiris ready to unite Greek fixed line, mobile, internet operations

Editor Mobile

Egyptian billionaire Naguib Sawiris, the chairman of Orascom Telecom, has announced that his telecoms holding vehicle Weather Investments will make an offer within the next two weeks to buy the 50%-minus-one-share that it does not already own in Greece’s largest alternative telco by revenues, Tellas. Egypt-based Weather Investments owns its 50%-plus-one-share interest in Tellas through its wholly owned subsidiary, Italian …

EditorSawiris ready to unite Greek fixed line, mobile, internet operations