Financial Times 28 October 2012
VimpelCom will sell several of its emerging market businesses in Africa and Asia as part of a rationalisation of its global telecoms operations to focus on core growth areas.
The Russian telecoms group, which is the world’s sixth largest by customer numbers, has spoken to potential buyers of its sub-Saharan African units from Burundi and the Central African Republic.
It is also expected to sell its Zimbabwean business – Telecel Zimbabwe – after resolving outstanding ownership and licensing issues.
The three businesses could be valued at more than $60m, according to one person with knowledge of the situation, with about $94m of revenues generated from about 2.8m mobile subscribers across the businesses.
Read more…