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

December 3, 2014

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Sarah Richmond

Senior Communications Manager

(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.

# # #

Share This Insight

People Mentioned in This News

Related Services, Sectors, and Regions

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.