Operator group VimpelCom, now headquartered in Amsterdam, said that it has agreed to offload its entire stake in Cambodian operation Sotelco to local investment partner Huot Vanthan.
Russian operator group Altimo has made a bid to acquire all shares in Egyptian counterpart Orascom Telecom Holding (OTH). The firm made an offer via the Egyptian Stock Exchange, and OTH said it learned about the offer through a notice published by Egypt’s Financial Supervisory Authority (EFSA).
International operator group Vimpelcom, which is headquartered in Amsterdam, has posted stable earnings results for 2012. In the final quarter of the year, the group’s revenue rose three per cent year on year to reach $6bn, while net income stood at $801m. The firm posted a net loss of $381m in the same quarter of 2011.
This week the The Informer’s phone has been ringing off the hook with event invitations, gossip and briefing opportunities for Mobile World Congress; he’s been fielding more phone calls than Findus.
Russian operator VimpelCom has signed a five-year managed services contract with Ericsson. The Swedish vendor’s first major managed services contract in Russia sees it managing Vimpelcom’s network operations at more than 10,000 sites.
International operator VimpelCom and Russian operator Megafon have taken joint ownership of Russian handset retailer Euroset. Through its fully-owned Russian subsuduary, Vimpelcom has increased its stake in the retailer by 0.1 per cent to now own 50 per cent of the firm. The other 50 per cent has been acquired for $1.07bn by Lefbord Investments Limited, a company owned by MegaFon and Garsdale Services Investment.
The Russian government has decided to withdraw legal claims against Norwegian operator group Telenor, signaling an end to the long-running dispute over the ownership of affiliate firm VimpelCom. The move allows the international operator, headquartered in Amsterdam but of Russian extraction, to distribute dividends to investors including Russian conglomerate Altimo.
International operator Vimpelcom Ltd, the flagship operation of which is Russia’s third largest mobile operator, has reported a year on year increase of 185% for its Q3 profit. Despite group revenues for the quarter dropping 6 per cent year on year to $5.75bn, Vimpelcom’s profits leapt to $538m.
The long running saga over the ownership of operator group VimpelCom has taken another twist after Telenor attempted to take its stake in the company to 42.95 per cent, but has been told by VimpelCom that the share transaction would not be accepted.
Russian operator VimpelCom will transfer 1,300 staff to Chinese infrastructure vendor Huawei, as part of a five-year managed services deal.
The seven mobile operators across the world using the same M2M platform will automatically benefit from a degree of interoperability that makes it easier for enterprise customers to expand into new markets.
Seven mobile operators across the world have teamed up to create an alliance to collaborate in the M2M space. KPN, NTT Docomo, Rogers, SingTel, Telefónica, Telstra and Vimpelcom have agreed to cooperate to address the complex and fragmented nature of the M2M market.
Russia’s second largest mobile operator, VimpelCom, has implemented a carrier billing model with Google, allowing users to purchase app store content via their mobile phone bill.
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.
The legal drama involving Nordic operator Telenor continued in Russia this week with authorities disputing the VimpelCom shares it purchased earlier this year.
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