vimpelcom

VimpelCom, Weather merge to create new telco giant

Russia’s second biggest operator, VimpelCom, has merged with Egypt-based Orascom Telecom and investment vehicle Weather Investments, creating the world’s fifth largest mobile telecommunications carrier by subscribers.

Vimpelcom and Orascom in talks to merge assets

Russian operator Vimpelcom and Egypt’s Orascom Telecom are reported to be close to finalising a deal to merge their telecoms assets. The merger would propel the newly created entity into the top ten largest mobile operators worldwide. The deal would also include Weather Investments, majority owned by Orascom chief Naguib Sawiris.

VimpelCom 2Q10 profit drops 52% to $334.7m

Second placed Russian mobile operator VimpelCom reported a 52 per cent year-on-year drop in 2Q10 net profit to $334.7m. Revenues rose by 23.1 per cent year-on-year to $2.64bn. Stable pricing and higher usage led to ARPU increase of 7.2 per cent in Russia.

VimpelCom targets robots in Russia

Second placed Russian carrier VimpelCom has teamed up with machine to machine network specialist Jasper Wireless to bring what it claims is the first M2M platform to the Russian market.

Telenor, Altimo bury hatchet, merge assets

Nordic operator Telenor and Russian conglomerate Altimo (Alfa Group) ended years of legal disputes on Monday with a plan to combine their common assets in Russia and Ukraine.

VimpelCom buys into Laos

Second placed Russian carrier VimpelCom said Thursday that it has struck a deal to acquire a 78 per cent stake in Laotian mobile operator Millicom Lao for around $66m.

Boris Nemsic, CEO Vimpelcom

Having built a portfolio of smaller operations in Central and Eastern Europe as the CEO of Telekom Austria, Boris Nemsic moved in April this year to Vimpelcom, the second-placed Russian carrier that has a portfolio of interests in the CIS as well as Vietnam and Cambodia. The move was a big step up—Telekom Austria had 16.8 million users when Nemsic left compared to Vimpelcom’s 60.9 million.

VimpelCom launches in Cambodia

Second placed Russian carrier VimpelCom on Monday took its Beeline brand to the kingdom of Cambodia, where it launched mobile services via its subsidiary Sotelco.

Telenor hit with $1.7bn bill over Ukrainian quarrel

The confusing spat involving Norwegian carrier Telenor, Russian operator VimpelCom and Ukrainian Radio Systems (URS) continues to rumble on, with Telenor this week served with a claim to pay $1.7bn to Farimex Products.

Telekom Austria’s Nemsic to leave for Vimpelcom

Vimpelcom is a far larger operation than TA, with 57.8 million mobile customers across Russia, Georgia, Armenia, Tajikistan, Uzbekistan, Kazahkstan and Ukraine as of Q308. The firm also won licences to operate in Vietnam and Cambodia in 2008. Mobilkom, TA’s mobile arm, which Nemsic ran as CEO prior to assuming control of the whole group, […]

VimpelCom shares frozen in Siberia

Confusion continues to reign over the ownership of second placed Russian mobile operator VimpelCom. On Monday, Norwegian carrier Telenor said that it had received notice that a Siberian appeals court has arrested Telenor and Altimo’s (Alfa) shares in VimpelCom, amounting to almost 63 per cent of the company. Using a ruling it obtained in Khanty-Mansiysk […]

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 […]

VimpelCom moves into Vietnam

Second placed Russian mobile operator VimpelCom said Tuesday that it will spend $1bn on the formation of a joint venture cellco in Vietnam. The operator will be set up in partnership with the Ministry of Public Security of Vietnam and US-based Millennium Global Solutions Group. It will operate under the name GTel Mobile. VimpelCom will […]

Russian buy-out

Vimpelcom, the number two operator in Russia, is in talks with private equity vehicle Altimo and Norway’s Telenor on buying their holdings in fixed-line operator Golden Telecom according to local reports. Vimpelcom is owned by Telenor (29.9 per cent) and Altimo (24.5 per cent). These two companies do not get along and the public spats […]

Big three win Russian 3G lic

Russia’s top three mobile operators, Mobile TeleSystems (MTS), VimpelCom and MegaFon, won licences to operate 3G services in the country on Friday. In accordance with the licensing conditions, the winning companies are required to begin commercial 3G services within two years of receiving the licence. MTS, the country’s biggest operator, said it plans to launch […]

Operators switch off Moscow’s tube services

According to local reports, Russia’s three largest mobile operators suspended services in Moscow’s tube network Wednesday. MTS, VimpelCom and Megafon told the Russian news agency Novosti that according to company representatives, the move could be connected to a terrorist threat in the capital city. The claims were “unofficial”, Novosti states. If the Russian authorities give […]

VimpelCom expands into Armenia

Second placed Russian cellco, VimpelCom, said Friday that it has reached an agreement with Greece’s Hellenic Telecommunications Organization (OTE) to acquire 90 pre cent of Armenia Telephone Company, which operates in Armenia as Armentel. VimpelCom said it paid the purchase of Eur341.9m (£230m) plus the assumption of approximately Eur40m in net debt. Armentel is a […]

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