A long-running dispute between Russian mobile phone operator VimpelCom and the Algerian government appears to be over following Friday’s announcement that the parties have reached an agreement.
Under the terms of that agreement, VimpelCom—which is owned by Norwegian telecom giant Telenor and Russian oligarch Mikhail Fridman’s Alfa Group—has agreed to sell a majority stake in Orascom Telecom Algeria to the North African nation for roughly $2.6 billion.
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