Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

VimpelCom Seeks to Expand in Uzbekistan as MTS’s License Halted

Aug. 15 (Bloomberg) -- VimpelCom Ltd., the world’s sixth-biggest mobile phone provider, is looking to expand in Uzbekistan after the country suspended the license of OAO Mobile TeleSystems’ local unit, Chief Executive Officer Jo Lunder said.

“We are seeing an increase in our subscriber base, it’s pretty obvious,” Lunder said at a conference call with investors and analysts today. “We think there are opportunities there now and we want to take advantage of that.”

Uzbekistan extended a suspension of MTS’s local unit’s license for three months from July 30 and may seek to cancel it, Mobile TeleSystems, known as MTS, said in an Aug. 9 statement.

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.