Telenor to Sell $2.4 Billion Stake in Carrier VimpelCom

  • Sale to end company's 16-year investment in wireless provider
  • Norwegian carrier to have 7.5 billion-krone expense for sale

Telenor to Divest Its 33% Stake in VimpelCom

Telenor ASA will sell its 20 billion-krone ($2.4 billion) stake in VimpelCom Ltd., exiting the third-biggest Russian wireless carrier after 16 years to focus on markets such as the Nordic region.

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