September 16, 2014 / 6:13 AM / 3 years ago

VimpelCom, Global Telecom to sell Wind Canada stake for $122 mln

CAIRO, Sept 16 (Reuters) - VimpelCom and Global Telecom will sell their stakes in Wind Canada for 135 million Canadian dollars ($122.05 million), the two companies said in a statement on Tuesday.

Netherlands-based VimpelCom and Egypt’s Global Telecom will sell their full debt and interest in the Globalive group of companies, which includes Wind Canada, to Globalive Capital.

1 US dollar = 1.1061 Canadian dollar Reporting By Shadi Bushra

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