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

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.
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