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VimpelCom acquires Golden Telecom


21.12.2007

Russian mobile carrier giant VimpelCom is acquiring Russian wireline telco Golden Telecom in a deal worth about $4.3 billion. The acquisition had been rumored for some time, and actually was prematurely reported by some media outlets just a few weeks ago. Both companies are experiencing huge growth, and have fuel increasing investor interested in Russia`s telecom industry and the country overall. Golden Telecom specifically has pushed aggressively into business markets and recently announced an IPTV expansion plan.

 

 

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