Source Pravda.Ru

Vimpelcom, Alfa Group and Telenor Invest USD 175 Million in Vimpelcom-Region Mobile Phone Operator

Russian mobile phone operator Vimpelcom, which offers services under the Bee Line trade mark, has announced that it has completed a syndicated deal on investment to develop its daughter company Vimpelcom-Region. The company's press office revealed that Vimpelcom, Alfa Group and the Norwegian telecommunications concern Telenor have each invested USD 58.48 million in the development of Vimpelcom-Region. Vimpelcom-Region will use the money to develop its network and infrastructure in Russia's regions. After the investment takes place, Vimpelcom's stake in Vimpelcom-Region's share capital will be 65%, and Alfa Group and Telenor will each have a 17.5% stake.

Vimpelcom is one of Russia's three mobile phone giants, along with MTS and Megafon. Vimpelcom and Vimpelcom-Region mobile services are available to 79% of the Russian population. In October Vimpelcom received a license to use the GSM-900 standard in the North-West Federal District (including St. Petersburg).

© &to=http://www.rosbalt.com' target=_blank>RosBalt

&to=http://www.vimpelcom.ru/en/NYSE.html' target=_blank>VIMPELCOM

&to=http://www.telenor.no/' target=_blank>TELENOR

Comments
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Turkey desperately tries to rescue its national currency as it falls to all-time lows
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia starts Star Wars first. USA concerned and puzzled
Turkey and USA take their relationship to breaking point
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
Details of Putin-Merkel surprise meeting unveiled
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
US refuses to explain reasons behind new 'draconian' sanctions
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Russia to respond with military-strategic blow to new USA's sanctions
Russian government prepares to get rid of US dollar in economy