Mobile operator VimpelCom is set to sell a number of businesses in Asia and Africa to focus on its core markets, such as Russia and Italy, the Financial Times reported Monday.
The company is holding talks with potential buyers for its assets in Burundi and the Central African Republic and is also looking to sell Telecel Zimbabwe after resolving ownership issues, the paper said.
Together, the three businesses could be valued at more than $60 million, the Financial Times reported, citing a source.
VimpelCom is also looking to sell its units in Cambodia, where it has about 1 million customers, and Laos, with about 400,000 subscribers, the paper said.
However, the company is expected to retain some strategic growth-market businesses, such as in Algeria.
(Reuters)
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
