Russia's second-largest mobile phone operator is closing in on a merger to create the world's fifth-largest mobile carrier by total subscribers. Amsterdam-based VimpelCom will merge its phone assets with privately held Weather Investments, which is owned by Egyptian billionaire and telecom mogul Naguib Sawiris. Daniel Walsh, an Akin Gump M&A partner in London, is leading a team advising VimpelCom. Cleary Gottlieb M&A partners Pierre-Yves Chabert and Gamal Abouali in Paris represent Weather.
October 06, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Russia’s second-largest mobile phone operator is closing in on a merger to create the world’s fifth-largest mobile carrier by number of subscribers.
The Associated Press reports that Amsterdam-based VimpelCom will merge its phone assets with Weather Investments, a privately held telecommunications investment company owned by Egyptian billionaire and telecom mogul Naguib Sawiris. The companies turned to two longtime outside legal advisers from Am Law 100 firms to negotiate the deal.
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