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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Aviation official quits over sleeping controllers 14 Apr 2011 U.S., allies see Libyan rebels in hopeless disarray | 14 Apr 2011 UPDATE 1-US aviation official quits over sleeping controllers 14 Apr 2011 Senate panel slams Goldman in scathing crisis report 13 Apr 2011 RIM's email-less PlayBook gets tough reviews 14 Apr 2011 Discussed 177 China tells U.S. to quit as human rights judge 81 Obama to lay out deficit plan with focus on tax, spending 77 White House warns on debt limit, says Obama regrets vote Watched South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 NATO divided on Libya as Gaddafi celebrates Thu, Apr 14 2011 X-47B - the future of autonomous aerial warfare Fri, Feb 11 2011 Vimpelcom eyes talks with Algeria after Wind deal Tweet Share this MOSCOW (Reuters) - Vimpelcom will next week seek talks with Algeria on a disputed unit of Orascom Telecom after completing a deal to buy Orascom and other telecoms assets of Egyptian tycoon Naguib Sawiris. Vimpelcom on Friday closed a more than $6... Email Print Related News UPDATE 1-OT's Sawaris casts doubt on Djezzy talks Thu, Apr 14 2011 UPDATE 1-Vimpelcom to pay $244 mln in final 2010 divs Thu, Apr 14 2011 UPDATE 2-Bain, Telenor join up for Poland's Polkomtel-source Thu, Apr 14 2011 Russians seen behind multi-billion capital outflows Tue, Apr 12 2011 UPDATE 2-Polkomtel to give all its 2010 profit to owners Wed, Apr 6 2011 Analysis & Opinion Government shutdown may kill corporate debt Vodafoneâ€“Essar deal to test Mauritius Tax Treaty again Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Stocks MOSCOW | Fri Apr 15, 2011 10:53am EDT MOSCOW (Reuters) - Vimpelcom will next week seek talks with Algeria on a disputed unit of Orascom Telecom after completing a deal to buy Orascom and other telecoms assets of Egyptian tycoon Naguib Sawiris. Vimpelcom on Friday closed a more than $6 billion cash-and-shares acquisition of 51 percent of emerging markets specialist Orascom and 100 percent of Wind of Italy in a deal that will see Vimpelcom take on $20 billion of debt and create the world's sixth-largest mobile provider. Alexander Izosimov, chief executive officer of Vimpelcom, told Reuters there had been "neither progress nor regress" with regard to Djezzy -- the most lucrative unit of Orascom that the Algerian government wants to nationalize. Orascom's chairman Sawiris on Thursday expressed doubt that Vimpelcom would succeed in talks with the Algerian government, and its CEO Khaled Bichara said if the talks did not succeed, Orascom would seek international arbitration. "All comments on the matter are purely personal views and not facts...Next week, we will start to seek a dialogue. We have no indications that the situation has worsened and no indications that it has improved," Izosimov said in a telephone interview. "We still believe the dialogue will take place," he added. Uncertainty over Djezzy as well as concerns over the future influence of Sawiris clouded the deal for some shareholders, including major co-owner Telenor. The Nowegian telecoms group had fought a battle with Alfa Group to have the deal blocked, claiming it made no financial or strategic sense for Vimpelcom, and is pursuing an arbitration that aims to avoid stake dilution. Vimpelcom said there was no information to provide in this regard, saying only it would comply with any arbitration outcome. Vimpelcom plans to consolidate the financial results of Wind Telecom, the owner of Orascom and Wind, from Friday, the company said in a statement. "Vimpelcom has already commenced integration initiatives and we are focused on realizing synergies, particularly in the area of procurement, and capitalizing on the company's strengthened leadership, scale and market expertise," Izosimov said. The company had earlier estimated synergies could total $2.5 billion, and Izosimov said on Friday more synergies could emerge on the marketing and financial front. Vimpelcom said it has appointed Bichara, former CEO of Wind Telecom, to the newly created position of President and Chief Operating Officer, reporting to Izosimov. (Reporting by Maria Kiselyova and Anastasia Teterevleva; editing by John Bowker and Jane Merriman) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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