News » Economics

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

13.11.2002 | Source:



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=' target=_blank>RosBalt

&to=' target=_blank>VIMPELCOM

&to=' target=_blank>TELENOR


Popular photos

Most popular

War between US and Russia could be sooner than later
War between US and Russia could be sooner than later
A numbr of significant international developments have recently occurred indicating the extreme danger of a nuclear war breaking out at any time against Russia and its Eastern alliance. The current...
Meteorite rams into Earth near Lake Baikal. Video
Meteorite rams into Earth near Lake Baikal. Video
On Tuesday evening of October 25th, residents of the Buryatia Republic (Siberia) could see a meteorite falling on Earth in the area of Lake Baikal
Рейтинг Rambler_s_Top100_Service