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M&A: VimpelCom sells 51% in Djezzy for $2.6 billion

VimpelCom and Global Telecom Holding (GTH a subsidiary VimpelCom) arranged for the sale of 51% of the shares in Djezzy (Algeria) to Fonds National d'Investissement (FNI), VimpelCom informed.

The transaction amounting to $2.6 billion is expected to be finalized at the end of the year.

VimpelCom Ltd. Group unites companies providing telecommunication services in Russia, Italy, Canada, Armenia, Georgia, Kyrgyzstan, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Laos, Algeria, Bangladesh, Pakistan. The company's major shareholders are Altimo and Telenor.

Russia-based OJSC Vimpelcom is part of the Vimpelcom Ltd telecom holding.

OJSC Vimpel-Communications (VimpelCom, tax number: 7713076301) is a cellular operator operating in Russia and the CIS countries. The company provides services under the Beeline brand to over 63 million subscribers in Russia, Kazakhstan, Ukraine, Tajikistan, Uzbekistan, Georgia, Armenia, Kyrgyzstan, and Laos. The company is part of VimpelCom Ltd. Group.

OJSC VimpelCom's authorized capital is RUB 288.538 thousand represented by 51,281,022 common and 6,426,600 preferred shares at par value of RUB 0.005.

Consolidated IFRS net profit of VimpelCom for H1 2013, according to the company's unaudited statement, grew by 19.9% to $1.048 billion from $873.714 million for the same period in 2012. Revenue from operations grew by 4.4% to $5.532 billion from $5.297 billion, EBITDA by 4% to $2.322 billion from $2.232 billion.

According to the DataCapital information retrieval system, RAS net profit of VimpelCom for January-September 2013 grew by 15% to RUB 48.435 billion from RUB 42.118 billion the year before. Revenue increased by 4.63% to RUB 217.565 billion from RUB 207.956 billion, sales profit decreased by 3.55% to RUB 68.457 billion from RUB 70.974 billion, pre-tax profit grew by 15.40% to RUB 59.292 billion from RUB 51.379 billion.

"AK&M", 21.04.2014


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