Vimpelcom-Kyivstar merger approved by Russian regulator

www.WirelessFederation.com/news: Vimpelcom and Ukrainian operator Kyivstar merger has been approved by Commission on Foreign Investments. The announcement has been made by head of Russia’s Federal Anti-Monopoly Service.

As per the deal, Alfa Group and Norwegian group Telenor will pool their holdings in the two firms to establish a new US-listed, Netherlands-based operator, Vimpelcom Ltd.

Integrated mobile services to consumers in Russia, Ukraine and other CIS countries, as well as Georgia, Vietnam, Cambodia and Laos will be provided by the united company. Vimpelcom Ltd will seek to expand its operations in Europe, Asia and Africa after its establishment.