VimpelCom merger approved

27 Oct 2003

Shareholders of Russian cellco VimpelCom have approved the merger of VimpelCom with its regional subsidiary VimpelCom Region (VimpelCom-R). As announced on 28 August, 10.95 million new VimpelCom common shares will be issued in exchange for the 44.7% stake in VimpelCom-R that is currently owned by Eco Telecom, a joint venture between Alfa Group and Telenor.