GTEL

Vimpelcom to exit Vietnam

International operator VimpelCom is to exit the Vietnamese mobile market, selling its 49 per cent share of fifth placed mobile operator Gtel Mobile for $45m. VimpelCom, which is headquartered in The Netherlands, said the stake would be bought by GTEL Transmit and Infrastructure, “a related party” of Vimpelcom’s local partner, Gtel.

VimpelCom sets up Vietnamese operation

Second placed Russian mobile operator VimpelCom said Tuesday that it has successfully set up its Vietnamese joint venture first announced last year. Under an agreement with local state run player Global Telecommunications Corporation and one of its subsidiaries, VimpelCom will set up GTEL-Mobile. The Russian firm will take 40 per cent of the new company […]

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