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VimpelCom in Talks With Sawiris to Buy Italy's Wind, Kommersant Reports

VimpelCom Ltd. is in talks with Egyptian billionaire Naguib Sawiris on acquiring Wind Telecomunicazioni SpA, Italy’s third-largest mobile operator, Kommersant reported, citing two people familiar with the matter.

VimpelCom may also buy 51 percent of Orascom Telecom Holding SAE, which owns mobile phone companies in Asia and Africa, from Sawiris, the Moscow-based newspaper reported.

VimpelCom, which operates mainly in Russia and other former Soviet republics, may pay largely with stock for the companies in a deal that may be valued at $6.5 billion, the newspaper said.

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To contact the reporter on this story: Ilya Khrennikov at ikhrennikov@bloomberg.net

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