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Vimpelcom buys GSM licensee

13 Jul 2006

Russian cellco Vimpelcom has today announced that it has acquired 51% of non-operational Georgian wireless licensee Mobitel for USD12.6 million; it has a call option on the remaining stake. Mobitel was awarded a ten year GSM-1800 licence in November 2003. Upon closing of the transaction, Vimpelcom revealed plans to hold a tender for network equipment and begin network construction. Including its presence in Georgia, Vimpelcom claims to have licences covering 237 million people across Russia and five CIS countries.

Georgia, Beeline (Russia)

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