Russian, foreign suitors chosen for VimpelCom’s towers, says paper

14 Jan 2016

Merrill Lynch has chosen three Russian participants – Russian Towers, Vertical and Russian Direct Investment Fund (RDIF) – alongside foreign suitors in a second round tender for VimpelCom’s (Beeline’s) wireless tower infrastructure assets, according to Vedomosti. Merrill Lynch has reportedly set a completion date of mid-March 2016 for the second round, whilst the deal is expected to involve between 10,000 and 12,000 towers to raise at least USD500 million.

Russia, Beeline (Russia), VEON