Vimpelcom set to sell Telecel stake – reports

Zimbabwe’s government could be set to acquire Vimpelcom’s 60 per cent stake in operator Telecel through its state-owned ISP ZARNet, according to local reports. The country’s ICT minister, Supa Mandiwanzira, told parliament yesterday that Vimpelcom had offered the government its …

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Hutch, VimpelCom confirm Italian talks

Hutchison confirmed “exploratory negotiations” with VimpelCom about forming an equal joint venture in Italy through a merger of their respective Italian operations. A deal between 3 Italia and Wind is subject to reaching agreement on terms, signing a definitive agreement, achieving …

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VimpelCom “on track” to deliver 2015 targets; Wind merger deal moves closer

Amsterdam-headquartered VimpelCom, which operates in a number of emerging markets, pointed to mobile data growth and continued “cost transformation” as some of the grounds for optimism in meeting 2015 financial targets. Those targets, however, envisage little in the way of …

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Russian tycoon to invest $16B in US, European telecoms — report

Russian billionaire Mikhail Fridman (pictured) has plans to invest $16 billion in the US and European telecoms and technology business via a London-based private equity fund called LetterOne Technology, the Financial Times has reported. The figure could even be stretched to …

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VimpelCom CEO resigns; former SFR boss appointed

Amsterdam-based operator VimpelCom said its Group CEO Jo Lunder (pictured) has decided to resign his position with effect from April 13, 2015 but will continue to serve as an advisor until July. He will be replaced by Jean-Yves Charlier, who …

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Hutch-VimpelCom talks may reach fruition soon

Talks about a merger between VimpelCom’s Wind and Hutchison Whampoa’s Three, Italy’s third and fourth largest mobile groups, are at an advanced stage, the Financial Times reported. Although there is still no certainty about the deal, if it was to …

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VimpelCom hit by currency falls in Russia, Ukraine

Jo Lunder, CEO of Amsterdam-headquartered VimpelCom, which operates in 14 countries, said he expected the “operating environment to remain difficult in 2015” as the operator presented a bruised set of Q4 and full-year financial results hit badly by weakening currency …

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Turkcell, MTS, VimpelCom awarded 3G licences in Ukraine

Turkcell’s Astelit and Russia’s MTS and VimpelCom have been awarded 3G mobile licences in Ukraine, the companies have announced. VimpelCom, whose Kyivstar business already has a 40 per cent market share in Ukraine, making it the country’s biggest operator, has …

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Hutch, VimpelCom set to restart stalled merger talks in Italy – report

Hutchison Whampoa and VimpelCom are back in contact about merging their respective Italian units, according to Il Giornale. Executives from the two companies held an initial meeting at the London offices of Deutsche Bank earlier this week. The two companies …

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