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Egypt's Global Telecom to sell Djezzy majority stake for $2.6 bln
Sunday 01-02-2015 11:44 AM
A woman talks on her phone outside of the company office of Djezzy, a mobile telephone company, in Algiers April 2, 2012.REUTERS/Louafi Larbi
CAIRO, Feb 1 (Reuters) - Global Telecom, the Egypt-based group formerly known as Orascom Telecom, will sell its 51 percent stake in Algerian mobile operator Djezzy for $2.6 billion, Global Telecom said in a statement on Sunday.
Global's parent company, Russia's Vimpelcom, reached a deal last April to resolve a long-running dispute with the Algerian government. (Reporting by Ehab Farouk; writing by Shadi Bushra; editing by Jason Neely)
