If sources are to be believed, Russian mobile company VimpelCom will hold meet investors early next week to test the market for a planned Eurobond issue.

According to sources, VimpelCom, which needs funds for a potential takeover bid worth more than $6 billion for Egyptian company Orascom Telecom and Italian group Wind, will meet investors in London on Jan. 24 in London and in New York on Jan. 25.The company is considering a dollar Eurobond and has chosen Barclays Capital, Royal Bank of Scotland, BNP Paribas and Citi as arrangers.

Samsung Electronics plans to sell Galaxy Tab in the United States, Japan, South Korea and Italy this year, aiming at Apple in the new but already packed segment.

The tab will also compete with a lot of devices from Dell and HP. The analysis believes that Galaxy Tab is the most credible rival to Apple’s iPad. It is smaller than the iPad and Samsung has forged partnerships with the top four U.S. mobile carriers and with media companies which are providing programming for its Media Hub service.

The device runs on Google’s Android platform, has a 7-inch screen, smaller than the iPad’s 9.7-inch screen. The device is cheaper than iPad in most of the markets except Finland where it will be priced much higher than the iPad.

In Japan, NTT DoCoMo Inc will start selling the Galaxy S smartphone in late October, with Samsung.

Foreign mobile phone makers have struggled a lot to crack the uniquely developed Japanese market, and even Nokia has been forced to retreat from the market in the past.

But according to Barclays Capital analyst Tetsuro Tsusaka, they expect Samsung to fare well this time. Things are different nowadays. The kinds of products consumers want now are different from the products that existed when foreign makers were struggling to sell their phones here.

The Galaxy Tab will go on sale in Italy in October, in South Korea in October , November in the United States and Japan in November. Samsung aims to sell 1 million units this year.

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www.WirelessFederation.com/news: Nokia Siemens Networks has signed a EUR 2 bn multi-currency revolving credit facility with a syndicate of 21 international banks, following a process that was over-subscribed.

The 3-year Facility will be used for general corporate purposes including the refinancing of other bilateral facilities. The syndicated loan will provide a more efficient capital structure for Nokia Siemens Networks. The facility was oversubscribed from its initial launch amount of EUR 1.5 billion and subsequently increased to EUR 2 billion.

Given the current environment in the credit markets, Nokia Siemens Networks is delighted to have secured the strong support of an excellent group of banks from across the world. The fact that the offer was over-subscribed emphasizes the level of confidence the financial community has in our position as a long-term winner and industry leader,” said Luca Maestri, Chief Financial Officer.

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