Orascom Telecom

VimpelCom-Wind merger gets shareholder green light

Shareholders in Russian operator VimpelCom have voted in favour of a $6bn merger with Wind Telecom SpA. Despite strong opposition from major shareholder Telenor, more than 53 per cent of voters supported a deal that will see the creation of the world’s 5th-largest mobile company by subscriber base.

Zimbabwe’s NetOne in talks with MTN

Zimbabwe’s state-owned, oldest mobile operator, NetOne, has entered into talks with South Africa’s MTN regarding the sale of a 49 per cent stake in the company. Despite its incumbent status, NetOne is Zimbabwe’s smallest operator, trailing larger telcos Econet Wireless and Egypt’s Orascom Telecom with its subscriber base of just over 1.5 million.

Djezzy saga rolls on in Algeria

The Algerian government has hired consultants to assess the value of mobile operator Djezzy ahead of its plans to nationalise the lucrative telco.

North Korea gets 3G up and running

Egypt’s Orascom Telecom has revealed that it has successfully trialled WCMDA 3G services inside the so called Democratic People’s Republic of Korea. The company, which won a contract through its subsidiary, Cheo Technology, won a licence to deploy a cellular network earlier this year, bringing the first official, commercial 3G mobile services to the country. […]

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