Algeria Acquires 51% of Vimpelcom Unit

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Algeria Acquires 51% of Vimpelcom Unit Algeria Acquires 51% of Vimpelcom UnitAlgeria Acquires 51% of Vimpelcom Unit


10 January 2012

The Algeria state has recently announced that it had decided to purchase 51 per cent of Vimpelcom's Djezzy mobile phone unit.
As the Algerian state news agency reported, Vimpelcom will stay on as operator.
The APS news agency stated that the announcement was made by Telecommunications Minister Moussa Benhamadi.
According to the report, the Algerian Finance Ministry and Vimpelcom are expected to sign soon an agreement “that would allow a valuation of the Djezzy unit to proceed.”

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