Doubts emerge over Vimpelcom's purchase of Golden Telecom

25 Jan 2008

Alexander Izosimov, head of VimpelCom, has been quoted in the local press saying that his company’s USD4.3 billion takeover of Russian fixed line company Golden Telecom is still not a done deal. Eight banks are arranging a syndicated loan for the acquisition and it is feared that this may be affected by current turmoil on the global markets. The two companies initially agreed the deal in December 2007.

Russia, Beeline (Russia), VEON