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Tag: algeria
VimpelCom Sells 51% Djezzy Stake to Algeria to Reduce Debt
2014-04-18 20:59:36| Telecom - Topix.net
VimpelCom Ltd. agreed to sell a majority stake in its Algerian unit Djezzy to the North African country's government, providing it with $4 billion in cash and dividends that will allow it to cut debt.
Tags: reduce
debt
algeria
sells
VimpelCom signs deal to sell 51% of Orascom Algeria
2014-04-18 12:01:00| Telecompaper Headlines
(Telecompaper) VimpelCom and Global Telecom Holding (GTH) have signed an agreement to sell 51 percent of their subsidiary Orascom Telecom Algeria (OTA) to Algerian National Investment Fund FNI for USD 2.64 billion. OTA, which uses the Djezzy brand, will distribute a USD 1.86 billion dividend to GTH immediately prior to the closing of the transaction, which is expected to occur by the end of the year. The total dividends and proceeds due to GTH at closing are expected to amount to USD 4 billion, net of all taxes and after the settlement of all outstanding disputes and the payment of associated fines. The proceeds will be used to pay down shareholders loans provided by VimpelCom to GTH. The latter will continue to exercise operational control over OTA and both VimpelCom and GTH will continue to fully consolidate OTA. VimpelCom CEO Joe Lunder said the value accretive transaction resolves the company's dispute with Algeria and allows it to solidify its position in this market by allowing it to invest further in a 3G network.
Algeria - ISA Country Report
2014-04-04 02:00:00| Apparel & textile industry market research - from just-style.com
This report contains detailed forecasts and analysis for Algeria, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA C
Tags: report
country
algeria
isa
Algeria Food and Drink Report Q2 2014
2014-02-26 01:00:00| Beverage industry market research - from just-drinks.com
Business Monitor International's Algeria Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory b
Tags: report
food
drink
algeria
Samsung to build gas treatment facilities in Algeria
2014-02-18 01:00:00| Hydrocarbons Technology
South Korean engineering company Samsung Engineering has secured an $800m order to build gas treatment facilities in Algeria.
Tags: build
treatment
facilities
gas
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