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Telenor Is in Talks to Sell VimpelCom Stake, CEO Brekke Says

  • Nordic company is seeks to sell 33% holding soon, Brekke says
  • Carrier is open to acquiring assets in Indonesia, Vietnam
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Telenor ASA, the Nordic region’s largest phone company, said it’s in talks with possible bidders for its $2.42 billion stake in VimpelCom Ltd., and is targeting countries such as Vietnam and Indonesia for future growth.

“We are in contact with potential buyers,” Telenor Chief Executive Officer Sigve Brekke said in an interview in Singapore on Friday, declining to name any suitors. “We are not dumping our shareholding. We want a fair price.”