Monday, February 06, 2006
Vimpelcom could be take over by Telenor or become an independent company
Story Telenor, the Norwegian telecom company, could end up taking over the Russian telco, Vimpelcom, according to Dagens Naeringsliv.
The paper cited Vimpelcom’s managing director, Aleksander Izosimov, who said that he did not believe that Telenor and its rival within Vimpelcom, Alfa Group, will ever come to an agreement. He said that he saw two alternatives for the Russian company, one of which involves Telenor taking full control of Vimpelcom which would become a subsidiary of the Norwegian company. He said that the other alternative is that both Telenor and Alfa Group sell its stake and that Vimpelcom becomes an independent company. The paper reported that Izosimov did not see Alfa Group taking over Vimplecom as an option.
Source Dagens Naeringsliv
Value EUR 245m (price of Vimplecoms URS acquisition
The paper cited Vimpelcom’s managing director, Aleksander Izosimov, who said that he did not believe that Telenor and its rival within Vimpelcom, Alfa Group, will ever come to an agreement. He said that he saw two alternatives for the Russian company, one of which involves Telenor taking full control of Vimpelcom which would become a subsidiary of the Norwegian company. He said that the other alternative is that both Telenor and Alfa Group sell its stake and that Vimpelcom becomes an independent company. The paper reported that Izosimov did not see Alfa Group taking over Vimplecom as an option.
Source Dagens Naeringsliv
Value EUR 245m (price of Vimplecoms URS acquisition
