VimpelCom (VIP), Russia’s second-largest mobile-phone operator, and Egyptian billionaire...

|About: VimpelCom (VIP)|By:, SA News Editor

VimpelCom (VIP), Russia’s second-largest mobile-phone operator, and Egyptian billionaire Naguib Sawiris are said to be very close to a $7B deal to merge their phone assets. A merger would create a company with over 200M mobile subscribers and a valuation of more than $25B.