ZARNet: VimpelCom, Global Telecom to Sell Operations in Zimbabwe to ZARNet for $40M

VimpelCom Ltd. (NASDAQ: VIP) today announced that its 51.9% owned subsidiary, Global Telecom Holding S.A.E. ("GTH"), has entered into an agreement with ZARNet (Private) Limited to sell its stake in Telecel International Limited for $40 million. Telecel International owns 60% of Telecel Zimbabwe (Pvt) Ltd. Transfer of ownership to ZARNet will occur after customary conditions are satisfied.ZARNet is ...Full story available on Benzinga.com