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Articles tagged with: Vimpelcom
Khanty-Mansiysk ruling Against Telenor cancelled by Omsk Court
The Eighth Arbitrazh Appellate Court in Omsk in Siberia has cancelled the US$2.8 billion judgment issued against Telenor last August in Khanty-Mansiysk. The Omsk court said it will reconsider the case from the beginning on 19 February at 10 am. more
Related Tags: telenor, farimex, Russia
Russia's Penetration Over 125% and No Sign of Stopping
The Russian market surpassed 125% penetration during Q3 to finish the quarter on 126.9%, but growth showed no sign of slowing: in fact, the annual growth figure of 14.5% was up 0.7pp compared to the prior twelve-month period. With 179.81m customers, Russia remained the fourth largest market in the world, around 87m behind the USA and 39m ahead of Brazil. more
Related Tags: arpu, megafon, mts, svyazinvest, volga-telecom, volga, Russia
Huawei to Build Nationwide GSM Network in Cambodia
Sotelco, the Cambodian subsidiary of Russia's vimpelcom has signed a contract to build a GSM network in Cambodia with China's Huawei. As part of this new framework agreement, Huawei will deploy a nationwide GSM mobile phone network for Sotelco over the next five years. more
Related Tags: huawei, sotelco, gsm, Cambodia
Telenor Ratings Downgraded to Negative Outlook on Indian Financing Woes
Fitch Ratings has revised Norway-based telecommunications provider Telenor's Outlook to Negative from Stable. At the same time the agency has affirmed Telenor's Long-term Issuer Default (IDR) and senior unsecured rating at 'BBB+' and affirmed the Short-term IDR at 'F2'. more
Related Tags: arpu, fitch-ratings, capex, alfa, telenor, alfa-group, kyivstar, fitch, Norway
Intec Rolls Out Billing into Three CIS States
Intec, a global provider of business and operations support systems (BSS/OSS), has announced that it has deployed three significant billing installations with vimpelcom subsidiaries operating in Ukraine, Uzbekistan and Armenia; Ukrainian Radio Systems (CJSC), Unitel in Uzbekistan and ArmenTel in Armenia. more
Related Tags: unitel, billing, intec, presence, Ukraine
Omsk Court Postpones Hearing of Telenor's Appeal in Farimex Case
The Eighth Arbitrazh Appellate Court in Omsk in Siberia has postponed until 12 December 2008 the hearing of Telenor's appeal of the US$2.8 billion judgment issued against the Norwegian company last August in Khanty-Mansiysk. more
Related Tags: telenor, farimex, Russia
Telenor strongly rejects Russian arrest in VimpelCom shares
Telenor on Monday learned, through a press release said to be issued by Farimex Products, of a decision in a Siberian appeals court in Omsk purporting to arrest Telenor and Altimo's shares in vimpelcom. more
Related Tags: alfa, telenor, farimex, altimo, Russia
VimpelCom Buys Half of Russia's Largest Phone Retailer
Russia's vimpelcom has confirmed long running rumours and has acquired 49.9% the country's largest mobile phone retailer, the Euroset Group for approximately US$226 million. vimpelcom as a minority shareholder does not expect to consolidate Euroset results and will not guarantee any of its obligations. more
Russia's Altimo Denies Reports of Selling Vimplecom Stake
Russia's Altimo Group has rejected local media reports and denied that it would have to sell part of its stake in Russian mobile operator, Vimplecom in order to meet its banking obligations. Several Russian Oligarchs have been forced to sell some of their assets in recent weeks as the stock market value of the assets fell below levels accepted as security for bank loans. more
Related Tags: edge, vimplecom, 3, altimo, Russia
Telenor and Alfa Group Nearing a Solution to their Long-Running Disputes
Norway's Telenor and Russia's Alfa Group are reported to be close to agreeing an asset swap which will finally conclude their long running legal and commercial battles. According to The Moscow Times, Alfa will hand over its entire 43.5 percent stake in Ukraine's Kyivstar to Telenor - in exchange for twelve percent of the voting shares in Russian operator, Vimplecom. more
Related Tags: alfa, telenor, moscow, vimplecom, alfa-group, kyivstar, Russia