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Canadian cellular carrier WIND announced on Thursday that the shareholders of Russian mobile operator VimpelCom have voted to acquire WIND Telecom for $6 billion. The deal includes all of WIND Telecom’s assets, which includes Orascom Telecom and WIND Mobile. When finalized, the purchase will make VimpelCom the world’s fifth largest mobile Teleco with more than 173 million subscribers. “This is great news for us. Our partner, Orascom, will be even larger and stronger as a financial partner. This gives us more leverage and increased scale with telecom network equipment manufacturers and more importantly, for devices including handsets and tablets,” said Anthony Lacaver, WIND Mobile’s chairman, adding that the purchase will give WIND more access to long distance roaming services. Lacaver said he would provide more information as new details on the acquisition emerge.
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Via BRG - Boy Genius Report
