MOSCOW--Russian telecoms firm Altimo said Monday it is seeking permission from the Egyptian Financial Supervisory Authority to proceed with a buyout of Orascom Telecom Holding (ORTE.CI). Altimo--a unit of investment firm Alfa Group that is owned by ...

Altimo, a unit of Russian billionaire Mikhail Fridman's Alfa Group, said in a statement Tuesday it won't increase its offer price of $0.70 a share for Egypt's Orascom Telecom Holding SAE. "Following the receipt of investor queries and in response to ...

... our belief in the opportunity that exists to provide capital to enhance the competitive landscape in Canada,� he said in a statement Friday.

Orascom Telecom Holding SAE plunged the most since November while private equity firm Egyptian Kuwaiti Holding fell to the lowest since 2009.

One official said the talks were halted after the two sides met in Paris two weeks ago to discuss VimpelCom's sale of a majority stake in Djezzy, which is part of VimpelCom-controlled Orascom Telecom Holding SAE (ORTE.CI). The acquisition talks had ...

Wind was started by Canadian entrepreneur Anthony Lacavera with the financial backing of Egypt's Orascom Telecom (>> Orascom Telecom Holding SAE), which Vimpelcom later took over. Lacavera has indirect voting control of Wind, a stake Vimpelcom will ...

MTN expansion would have been faster if it wasn't for Nhleko's failure to close four deals, including as much as $10 billion in assets of Orascom Telecom Holding SAE, over a two-year period. Yesterday, MTN said its subscribers exceeded 197 million at ...