VimpelCom Posts $1 Billion Loss After Uzbek Bribes Provision

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  • Company will sell Russian towers, outsource billing systems
  • Company set aside $900 million to cover Uzbekistan probe

VimpelCom Ltd. swung to a quarterly loss and said it will sell assets after making a $900 million provision to cover potential U.S. and Dutch fines over bribery allegations in Uzbekistan.

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