Vimpelcom and Golden Telecom confirm talks

4 Dec 2007

Russia’s number two cellco Vimpelcom has announced that it has entered into negotiations to acquire all outstanding shares of the wireline operator Golden Telecom at a price of USD105 per share. The offer values Golden Telecom at around USD4.2 billion. Vimpelcom’s two largest shareholders, Alfa Group and Telenor, are also the main backers of Golden Telecom. The two have not seen eye to eye in the past but the deal between Vimpelcom and Golden may bring them into closer co-operation.

Russia, Beeline (Russia), VEON