Russian telecom operator, VimpelCom, is planning to sell several of its operations in Africa and Asia with the aim of rationalising its portfolio and reducing debt, according to a report from the Financial Times.
The telco has held talks with potential buyers of its sub-Saharan African units from Burundi and the Central African Republic, the report added. It is also expected to sell Telecel Zimbabwe.
The three businesses could be valued at more than $60 million, the report stated, citing a person with knowledge of the situation.
In Asia, VimelCom is looking to sell assets in Cambodia and Laos.
The development follows a period of rapid expansion at VimpelCom, including the $6.6 billion acquisition of Wind Telecom in April 2011, which creating the world's sixth largest mobile operator by subscriber numbers. The deal, which gave VimpelCom a controlling stake in Orascom Telecom, landed the telco several assets in Africa and Asia.