vimpelcom ltd-spon adr (VIP) Key Developments
Vimpelcom Signs Contract on BigData Services with the Bank UBRiR
Aug 27 15
Vimpelcom has signed a contract on BigData services with the bank UBRiR. It is the first contract concluded by the operator on BigData services. The service has enabled the bank to optimise the process of evaluating entities and people trying to get a bank
VimpelCom Proposes Revised Charter
Aug 25 15
VimpelCom Ltd. announced at its extraordinary general shareholders meeting to be held on October 5, 2015, the shareholders proposed the revised Charter.
VimpelCom Ltd. Presents at Barclays Capital Select European Media and Telecom Forum, Sep-01-2015
Aug 18 15
VimpelCom Ltd. Presents at Barclays Capital Select European Media and Telecom Forum, Sep-01-2015 . Venue: London, United Kingdom.
VimpelCom Reportedly In Talks With Russian Towers
Aug 18 15
VimpelCom Ltd. (NasdaqGS:VIP) intends to sell towers. VimpelCom reportedly plans to sell wireless communications towers in Russia and the CIS, Bangladesh, and Pakistan. VimpelCom is holding talks with CJSC Russian Towers. The number of towers in Russia is estimated to be some 1500. The transaction may be closed by the end of 2015. Merrill Lynch reportedly acted as financial advisor. Russian Towers may set up a joint venture with VimpelCom, wherein VimpelCom will be controlling 25%. Russian Towers is working to raise funding up to RUB 50 billion to RUB 60 billion, on the transaction amount.
CK Hutchison and VimpelCom to Form Joint Venture of its Telecoms Businesses in Italy
Aug 6 15
CK Hutchison Holdings Ltd. and VimpelCom Ltd. have entered into an agreement to form a 50/50 joint venture that will own and operate their telecommunications businesses in Italy. By combining their businesses, 3 Italia and WIND will gain the scale and more efficient cost structure needed to enable them to continue to offer innovative, competitively-priced telecoms services and to compete even more aggressively in the Italian market place. The combination of the two networks, together with significant additional investment, will provide Italian mobile users with unmatched network quality and will accelerate the availability of high-speed mobile and fixed broadband services throughout Italy. Italian consumers and businesses can expect to benefit both from improved LTE network coverage, higher download speeds, higher network reliability and more advanced services.