Russia’s Vimpelcom completes merger with Golden (Russia)Russia’s second-largest mobile phone operator, Vimpelcom, said on Friday it had completed a $4.3 billion merger with fixed-line operator Golden Telecom.
Vimpelcom, which offered to buy 100 percent of Golden Telecom (GT) in December last year for $105 per share, said in a statement that GT became its indirect wholly owned subsidiary upon completion of the merger.
Golden Telecom common stock ceased trading on Nasdaq at market close on Feb. 28, Vimpelcom said. Both Vimpelcom and GT had Norwegian group Telenor and Altimo, the investment vehicle of Russia’s Alfa Group, as strategic shareholders.
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