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Articles tagged with: Vimplecom
VimpelCom Buys Majority Stake in Laos Mobile Network
Millicom has signed an agreement for the sale of its 74.1% holding in its Laos operation, to Russia's VimpelCom for approximately US$65 million in total cash proceeds, payable on completion. The transaction values the entire Laos operation at an enterprise value of approximately $102 million, which represents 7.5x estimated 2009 EBITDA. more
Related Tags: millicom-international, millicom, Laos
Cambodian Operators Argue Over Low Call Costs
Cambodia's newest network operator, Beeline - backed by Russia's vimplecom - has been accused of reneging on a deal to stop offering tariffs that its competitors claimed were loss-leading for the operator. more
Related Tags: beeline, mobitel, Cambodia
Russian Bailiff Defers Sale on VimpleCom Sales
Russia's bailiff has reportedly delayed the sale of Telenor's shares in vimplecom for an unspecified period. Citing a press conference, the Norwegian business daily Dagens Naeringsliv said that Artur Parfyonchikov, head for the bailiff's office in Moscow needed more time to study the court documents which lead to the shares being seized originally. more
Related Tags: telenor, three, altimo, Russia
New Mobile Network Launched in Vietnam
Vietnam has a new mobile phone network as VimpelCom's Beeline brand was launched in the country. The mobile network is operated by a joint venture between the Russian company and the local GTEL Corporation. more
Related Tags: gtel, beeline, partner, Vietnam
Vimpelcom and Kyivstar Reported to be in Merger Talks
The long-running feud between Telenor and Russia's Alfa Group may be nearing a conclusion after it was reported that the two companies are again considering merging VimpelCom and Ukraine's Kyivstar. Two executives close to the companies told Vedomosti that the deal envisions Alfa's telecoms arm, Altimo and Telenor each receiving a 40 percent stake of the merged company, with the additional shares going to various VimpelCom minority shareholders more
Related Tags: telenor, farimex, kyivstar, beeline-, partner, altimo, storm, Ukraine
Telenor strongly objects to statement from the Russian Bailiff
Telenor has, unsurprisingly said that it strongly opposes any plans the Russian Bailiff's office may have of selling Telenor's VimpelCom shares. "The enforcment of the claim of US$1.72 billion is based on an incorrect court decision that has no merit and should not take place," said Jan Edvard Thygesen, EVP and head of Telenor's Central and Eastern European operations. more
VimpelCom Swings To Q1 Loss on Currency Changes
Russia's vimplecom has reported a first-quarter net loss of RUB 8.5 billion (US$273 million) due to a RUB 23.6 billion (US$759 million) foreign exchange loss. Net operating revenues reached RUB 66.8 billion (US$2.15 billion), an increase of 30.7% versus 1Q08 and a decrease of 4.1% versus 4Q08. more
Related Tags: Russia
Farimex Launches Attack Against Telenor in Ukraine
According to a statement from Telenor, Farimex, reputed to be attacking Telenor's investments in the Russian mobile operator VimpelCom, is also behind an investigation launched by the Anti-Monopoly Committee of Ukraine (AMC) against Telenor and Kyivstar. Telenor says that it was officially notified of the commenced investigation earlier this month. more
Related Tags: telenor, farimex, kyivstar, beeline-, vimpelcom, altimo, storm, Ukraine
Telenor Q1 Net Profit Drops by 65%
Norway's Telenor Group has reported that its first-quarter profits slumped by 65% to NOK1.62 billion (US$250 million) from NOK 4.57 billion (US$700 million) a year ago. Revenues rose by 6.8% though to reach NOK24.78 billion (US$3.8 billion) according to a statement from the company. However, EBITDA rose to NOK 7.84 billion (US$1.2 billion) before foreign exchange losses. more
Related Tags: telenor, unitech-wireless, kyivstar, Norway
Iran Grants 3rd National Mobile Phone License
UAE based Etisalat has reportedly been granted the 3rd national mobile license in Iran, the semi-official Fars News Agency has announced. The agency reported the news, citing an unnamed source at the telecommunications ministry. more
Related Tags: etisalat, megafon, mtn, irancell, gsm, tci, tehran, Iran