Russia: Vimpel Bids $5 Billion for Kyivstar
An AP newswire article, via The Washington Post, reports that:
Russia's second-largest mobile phone operator, OAO Vimpel Communications, has made a $5 billion offer for Kyivstar, the largest mobile phone company in Ukraine.
The Russian mobile phone operator would also assume $456 million of Kyivstar's debt.
The offer appeared to set the stage for more arguments between Vimpelcom's core shareholders, Russia's Alfa Group and Norway's Telenor, which disagree over Vimpelcom's strategy in Ukraine.
posted by Fergie @ 2/13/2006 08:03:00 AM
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