Akin Gump Advises VimpelCom Subsidiary Global Telecom Holding in the Sale of Its Operations in Burundi and Central African Republic

(London) – Akin Gump has advised Global Telecom Holding SAE, a 51.9 percent owned subsidiary of VimpelCom Ltd., in the sale of its 100 percent stake in Telecel Globe Limited.

Telecel Globe wholly owns telecommunications operators U-COM in Burundi and Telecel Centrafrique in Central African Republic. The value of the transaction is $65 million, subject to certain post-closing adjustments. Telecel Globe was acquired by Econet Wireless Global Limited, a diversified telecommunications group with operations in several countries, mainly in Africa. The deal closed on October 17, 2014.

VimpelCom Ltd. is a leading global provider of telecommunications services headquartered in Amsterdam.

Akin Gump London partners Fred Heller and Lisa Hearn led the team advising Global Telecom Holding.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

# # #