MForum.ru
13.07.2005, MForum.ru
Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP) today announced it has completed the acquisition of approximately 84.4% of the outstanding shares of Closed Joint Stock Company "Sakhalin Telecom Mobile" ("STM") which holds GSM-1800 and D-AMPS licenses for the territory of Sakhalin, and 60% of Limited Liability Company Joint Venture "Sakhalin Telecom Limited ("ST"), a fixed line alternative operator. As a result, VimpelCom has secured its entry to the mobile telephony market of Sakhalin, one of the regions within the Far East super-region where the Company does not have a super-region license to conduct cellular operations. VimpelCom purchased 84.4% of the outstanding shares of STM for a total cash purchase price of approximately $51.2 million and 60% of ST for a total cash purchase price of approximately $5 million (in each case subject to certain adjustments).
The main shareholder of both operators was the British company Cable and Wireless plc ("Cable & Wireless"), which owned 61.4% of STM (through a subsidiary) and 60% of ST. Under the terms of the transaction, STM and ST were to be purchased simultaneously. Further, VimpelCom has undertaken, as the majority shareholder, to ensure that ST repays its debt of US$2.2 million to Cable & Wireless. VimpelCom has intention to sell the 60% of ST in the future.
STM's GSM-1800 and D-AMPS licenses cover a territory with a population of approximately 550,000. According to company estimates, STM's subscriber base at the end of June 2005 was more than 96,000 (including more than 95,500 GSM subscribers), which according to company estimates represented a market share of approximately 45.7% in the Sakhalin region. According to independent estimates, the penetration rate in Sakhalin is approximately 35.5%.
Commenting on today's announcement, Nikolai Pryanishnikov, Executive Vice President - General Director, Regions, VimpelCom, said, "We are very pleased to announce the acquisition of STM which gives us access to operations in an important region of the Far East, where we do not have GSM license".
With the acquisition of STM, VimpelCom is operating in 76 out of 89 subjects of the Russian Federation.
VimpelCom is a leading international provider of telecommunications services, operating under the "Beeline" brand in Russia and Kazakhstan. In addition, VimpelCom is continuing to use the "K-mobile" and "EXCESS" brands in Kazakhstan. The VimpelCom Group's license portfolio covers approximately 94% of Russia's population (136.5 million people), including the City of Moscow, the Moscow Region and the City of St. Petersburg as well as the entire territory of Kazakhstan. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's shares are listed on the NYSE under the symbol "VIP".
01.07. [Новинки] Слухи: Moto G96 5G может быть представлен 9 июля / MForum.ru
01.07. [Новинки] Слухи: Появились данные о размере батареи Redmi Turbo 5 Pro / Poco F8 / MForum.ru
30.06. [Новинки] Анонсы: Xiaomi Watch S4 41 мм и Band 10 представлены официально / MForum.ru
27.06. [Новинки] Анонсы: Xiaomi Pad 7S Pro 12.5 на чипсете Xring O1 представлен официально / MForum.ru
26.06. [Новинки] Анонсы: Redmi K80 Ultra представлен официально / MForum.ru
26.06. [Новинки] Анонсы: Экологичный смартфон Fairphone 6 представлен официально / MForum.ru
25.06. [Новинки] Анонсы: Poco F7 на чипсете Snapdragon 8s Gen 4 представлен официально / MForum.ru
24.06. [Новинки] Анонсы: Galaxy Unpacked 2025 состоится 9 июля / MForum.ru
24.06. [Новинки] Анонсы: Компактный смартфон Vivo X200 FE представлен официально / MForum.ru
23.06. [Новинки] Анонсы: Oppo K13x 5G представлен как «самый надежный смартфон в сегменте» / MForum.ru
23.06. [Новинки] Слухи: Толщина Honor Magic V5 составит 8,8 мм / MForum.ru
20.06. [Новинки] Слухи: Раскрыты подробности о Redmi K80 Ultra / MForum.ru
20.06. [Новинки] Слухи: Honor Magic V5 может стать самым тонким складным смартфоном в мире / MForum.ru
19.06. [Новинки] Анонсы: Глобальная версия Oppo Reno 14 5G представлена в Японии / MForum.ru
19.06. [Новинки] Анонсы: Oppo Reno 13A для японского рынка представлен официально / MForum.ru
19.06. [Новинки] Анонсы: Бюджетный смартфон iQOO Z10 Lite официально представлен в Индии / MForum.ru
18.06. [Новинки] Анонсы: Fujitsu Arrows F-51F представлен официально / MForum.ru
17.06. [Новинки] Слухи: Раскрыты основные подробности о Redmi K Pad / MForum.ru
17.06. [Новинки] Анонсы: Trump Mobile T1 представлен официально / MForum.ru
17.06. [Новинки] Анонсы: Анонсирован Realme Narzo 80 Lite 5G с Dimensity 6300 и аккумулятором 6000 мАч / MForum.ru