Reuters: Regulatory News: Orascom deepens business links with parent Vimpelcom

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Orascom deepens business links with parent Vimpelcom Oct 21st 2012, 08:40 CAIRO | Sun Oct 21, 2012 4:40am EDT CAIRO Oct 21 (Reuters) - Egypt's Orascom Telecom Holding and its Russian parent Vimpelcom have agreed to provide one another with technical and commercial services to improve the efficiency of their businesses, Orascom said on Sunday. Orascom said it was changing its name to Global Telecom Holding SAE after Vimpelcom took control of the Egyptian company last year in a deal worth around $6 billion. It also said it planned to take control of Canada's Globalive Investment Holding Corp. after changes to Canada's foreign ownership laws. The change requires the approval of Canadian investment authorities, expected by early next year.

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