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Vimpelcom agrees to buy CSK for $232 millionAug 13 2007, 16:16 MOSCOW (AP) - Russian telecommunications company Vimpel Communications said Monday it bought Corporation Severnaya Korona, a cellular operator in the country's Irkutsk region, from Tele2 Sverige AB of Sweden for about $232 million in cash. VimpelCom said CSK's licenses cover a territory with a population of about 2.5 million. As of the end of June, CSK had more than 571,000 subscribers, which represents about 22 percent of the cellular market in the Irkutsk region. "The acquisition of CSK substantially enhances our position in Russia and expands the communication options available to existing and new subscribers," said Nikolai Pryanishnikov, VimpelCom's executive vice president for Russia. Following the acquisition of CSK, VimpelCom's operating area covers 75 regions of the 85 administrative regions of the Russian Federation. The transaction has been approved by the Russian competition authorities. |
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NEWS BRIEFS
Polish political chaos comes to a head as coalition finally collapsesAug 13, 18:04 Shares in Russian juice maker rise on report that PepsiCo seeks controlling stakeAug 13, 18:00 Vimpelcom agrees to buy CSK for $232 millionAug 13, 16:16 Accused Russian serial killer who marked his victims on a chessboard to face jury trialAug 13, 16:14 Feared former strongman, now Chechen President Kadyrov on Mecca pilgrimage, will meet AbdullahAug 13, 16:12 Putin flies with Prince Albert II to visit 8th-century fortress on Mongolian borderAug 13, 16:11 Envoy says door to EU depends on agreement between Serbia, KosovoAug 13, 16:10 Taliban says government has offered safe passage to Taliban negotiatorsAug 10, 17:41 Romanian Orthodox Church protests allegations it had ties to communist secret policeAug 10, 16:36 UN seeks US$10 million to repatriate further 100,000 Afghan refugees this yearAug 10, 15:15 |
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