VimpelCom Joint Bid for Tele2 With MTS May Shut Out New Entrant

VimpelCom Joint Bid for Tele2 With MTS May Shut Out New Entrant

Alexander Zemlianichenko Jr./Bloomberg

OAO Mobile TeleSystems (MTS) mobile phones sit on display inside the company's store in Moscow. operator. MTS and VimpelCom have jointly offered to acquire Tele2 Russia for as much as $4.25 billion, the companies said in a statement yesterday.