Vimpelcom chasing Golden stake

9 Jul 2007

Russia’s second largest cellular operator, Vimpelcom, is reported to be considering taking a 44% stake in fixed line operator Golden Telecom. Local newspaper Vedemosti says that Vimpelcom is in talks with shareholders Alfa Group and Telenor over the acquisition of their stakes in Golden Telecom. Vimpelcom had 38.63 million subscribers and a 26.6% market share at the end of March according to TeleGeography’s GlobalComms database. Golden Telecom is one of Russia’s largest fixed line network operators and non-residential service providers.

Russia, Beeline (Russia), VEON