VimpelCom will pay about $66 million for Millicom’s 78 percent stake in Millicom Lao Co. Ltd. The remaining 22% of Millicom Lao Co., Ltd. is owned by the Government of the Lao PDR.
VimpelCom’s CEO Boris Nemsic describes the deal as, “the next logical step in our international expansion strategy” and one that “fits perfectly into [...]
September 24, 2009
Vimpelcom building a solid South East Asian Cluster – Boris Nemsic, CEO Vimpelcom.
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Millicom to exit Asia totally by Q1 of 2010. Sells Laos share to Vimpelcom for $66 Million.
Millicom has agreed to sell its GSM business in Laos to Russia’s VimpelCom and has bidders lining up for its Sri Lankan operations, the sale of which will end Millicom’s activities in Asia. VimpelCom will pay about $66 million for Millicom’s 78 percent stake in Millicom Lao Co. Ltd.
Last month Millicom agreed to sell its [...]
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Millicom to exit Asia totally by Q1 of 2010. Sells Laos share to Vimpelcom for $66 Million.
Millicom has agreed to sell its GSM business in Laos to Russia’s VimpelCom and has bidders lining up for its Sri Lankan operations, the sale of which will end Millicom’s activities in Asia. VimpelCom will pay about $66 million for Millicom’s 78 percent stake in Millicom Lao Co. Ltd.
Last month Millicom agreed to sell its [...]
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VimpelCom launches BlackBerry Internet Service in Russia
The VimpelCom Group (NYSE: VIP) and Research In Motion (RIM) (Nasdaq: RIMM; TSX: RIM) today announced the launch of BlackBerry® Internet Service and the BlackBerry® Curve™ 8900 smartphone for Beeline customers in Russia.
BlackBerry Internet Service is a powerful and easy to use service designed for smaller businesses and individuals. It allows customers to access up [...]
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Reliance plans IPO for Infrastructure arm. Hopes to raise $1Bn for 10% via IPO.
India’s second largest Mobile Operator, Reliance Communication plans to seek regulatory approval for selling 10% of Reliance Infratel (its infrastructure arm) for close to $1Bn.
Reliance Infratel sold a 5 percent stake to global investors for about $290 million in 2007. It had revenue of more than $1 Bn and a profit of $300 Mn in [...]
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Russian Government to buy stake in Indian Mobile Operator
Russian Government is said to have budgeted $680-$780 million to acquire a 20% stake in Indian Mobile operator – Sistema Shyam TeleServices. Russia’s Sistema owns 73.71 percent in the company and India’s Shyam Group holds 23.79 percent.
Russian Finance Minister Alexei Kudrin said that they were in the process of completing the appraisal to acquire [...]
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ZTE to market $20 mobiles in India
ZTE has entered the Indian retail market as a standalone player.
It is hoping to hike the contribution of the Indian market to its global handset sales would go up to 20 per cent from the existing 16 per cent.
ZTE India Chairman & Managing Director D K Ghosh said in a statement that India is a [...]
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World’s largest Mobile Number Portability project launch delayed again.
The Indian Mobile Number Portability project is the world’s largest since mobile number portability was introduced into the US and is likely to be the largest for some time, as China is moving slowly.
The Telecom Regulatory Authority of India (TRAI) awarded Mobile Number Portability (MNP) contracts to US Based Telcordia and Syniverse in March 2009. [...]
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Sony Ericsson launches skin-activated headphones
Sony Ericsson has announced a pair of inner-ear headphones that know when you’re using them.
According to Sony Ericsson, the MH907 headphones use capacitive technology to start the music when you insert both headphones into your ears.
Removing one of the earbuds will pause the music, while reinserting it will cause the music to resume – all [...]
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iPhone arrives in Korea. SKT and KT Corp discussing potential partnerships with Apple.
South Korea’s telecommunications regulator has given the green flag to apple to launch the iPhone in Korea.
The Korea Communications Commission made an exception to a rule that requires cellphones sold in the country to use domestic technology for location-based services. The commission’s action comes after months of consumer pressure.
This move is likely to create [...]
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