VimpelCom CEO Alexander Izosimov announced last we Best Way To Get Ex Boyfriend Back ek that operations in Vietnam would resume in the forthcoming months.
VimpelCom, a leading Russian mobile operator, agreed in 2008 to create a joint venture with Vietnamese state corporation Global Telecommunications Corporation (GTel) and its subsidiary GTel TSC.
VimpelCom initially committed itself to invest $1.8 billion over 15 years, including an amount of $267 million in the first stage, which was used to finance the network of GTel-Mobile—the joint venture—in three provinces.
Development projects were stopped, however, in Q2 2010 as VimpelCom and its Vietnamese partner began to renegociate their respective shares. VimpelCom, having received a 40% stake in the joint venture, wished to increase its shares, considering its role in financing the venture.
The parties reached an agreement almost one year later: VimpelCom increased its stake in GTel-Mobile and is likely to integrate the JV’s operational results in the group’s financial results.
GTel-Mobile counted about 800,000 subscribers at the end of 2010.
In the region, VimpelCom also owns a 90% stake in Sotelco, which ranks among Cambodia’s top 3 mobile operators. In addition, VimpelCom last month closed the acquisition of a 78% stake in Millicom Lao, for which it paid a total of $88 million, $23 million of which was used to pay off the debts of Millicom Lao.
Source: ComNews.ru
