Acquisitions: VimpelCom announces the acquisition of cellular company with operations in Sakhalin, a part of Far East super-region of Russia

MForum.ru

Acquisitions: VimpelCom announces the acquisition of cellular company with operations in Sakhalin, a part of Far East super-region of Russia

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".

© MForum.ru

Обсуждение (открыть в отдельном окне)

В форуме нет сообщений.

Новое сообщение:
Complete in 1 ms, lookup=0 ms, find=1 ms

Последние сообщения в форумах

Все форумы »



Поиск по сайту:

Подписка:

Подписаться
Отписаться


Новости

21.05. [Новинки] Слухи: Infinix GT 30 Pro замечен на «живых» фото / MForum.ru

21.05. [Новинки] Слухи: Использование Snapdragon 8 Elite 2 в Xiaomi 16 подтверждено официально / MForum.ru

20.05. [Новинки] Анонсы: Huawei представила Nova 14 Ultra со спутниковой связью и HarmonyOS 5 / MForum.ru

20.05. [Новинки] Анонсы: Huawei Nova 14 и Nova 14 Pro представлены официально / MForum.ru

19.05. [Новинки] Слухи: 22 мая Xiaomi представит собственный мобильный чипсет Xring 01 / MForum.ru

19.05. [Новинки] Слухи: Раскрыты дата анонса Infinix XPad GT и его ключевые характеристики / MForum.ru

16.05. [Новинки] Анонсы: Vivo V50 Elite Edition в комплекте с Vivo TWS 3e Buds появился в Индии / MForum.ru

15.05. [Новинки] Компоненты: MediaTek Dimensity 9400e представлен официально / MForum.ru

15.05. [Новинки] Анонсы: Oppo Pad SE официально представлен в Малайзии / MForum.ru

14.05. [Новинки] Анонсы: ZTE Nubia Z70S Ultra выходит на международные рынки / MForum.ru

14.05. [Новинки] Слухи: Раскрыты подробности о Huawei Nova 14 Ultra / MForum.ru

13.05. [Новинки] Слухи: Vivo работает над S30 и S30 Pro mini / MForum.ru

13.05. [Новинки] Компоненты: MediaTek представил Helio G200 с немного более быстрым графическим процессором и лучшим HDR для видео / MForum.ru

13.05. [Новинки] Анонсы: Sony Xperia 1 VII с компонентами Walkman представлен официально / MForum.ru

12.05. [Новинки] Анонсы: Подтверждена дата глобального релиза Realme GT 7 / MForum.ru

12.05. [Новинки] Слухи: Infinix Xpad GT может получить чипсет Snapdragon 888 / MForum.ru

12.05. [Новинки] Слухи: Раскрыты подробности об экрана и чипсете OnePlus 15 / MForum.ru

07.05. [Новинки] Анонсы: Представлен концептуальный смартфон Realme GT с АКБ 10000 мАч / MForum.ru

07.05. [Новинки] Слухи: Раскрыты спецификации Samsung Galaxy Z Flip 7 / MForum.ru

07.05. [Новинки] Слухи: Появились подробности о Vivo X200 FE с экраном 6,31 дюйма / MForum.ru