Key Developments: VimpelCom Ltd (VIP.N)
10.39USD
24 May 2013
$-0.09 (-0.86%)
$10.48
$10.34
$10.48
$10.34
192,952
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Latest Key Developments (Source: Significant Developments)
Vimpelcom Ltd Talks To Sell Djezzy To Algerian Govt End In Failure-DJ
Dow Jones reported that Vimpelcom Ltd and the Algerian government regarding the government's potential purchase of Algeria's mobile operator Djezzy have ended in failure, two officials close to the matter told Dow Jones Newswires. One official said the talks were halted after the two sides met in Paris two weeks ago to discuss VimpelCom's sale of a majority stake in Djezzy, which is part of VimpelCom-controlled Orascom Telecom Holding SAE. Full Article
Vimpelcom Ltd Announces FY 2012 Final Dividend and Extraordinary Dividend, Affirms Dividend Guidelines-Interfax
Interfax reported that Vimpelcom Ltd (Vimpelcom) will pay its shareholders two instalments of dividends, including final dividends for 2012 and a special dividend of $0.79 per share. The Supervisory Board has authorized the payment of Vimpelcom's final dividend of $ 0.35 per ADS, or $615 million, in relation to the Company's final 2012 results, bringing the total dividend in relation to the company's 2012 results to $0.80 per ADS, the Company said. The Board also approved an extraordinary dividend of $0.79 per ADS in relation to the $1.4 billion the Company received following Altimo's conversion of its 128.5 million preferential shares into common shares on April 16, 2013. Each ADS represents one common share. The total dividend payment amount will be approximately $2 billion. The record date for the Company's shareholders entitled to receive the dividends has been set for April 29, 2013. The ex-dividend date is April 25, 2013. It is expected that the dividend will be paid by May 15, 2013. The Supervisory Board also affirmed of Vimpelcom's dividend guidelines. The group aims to pay out at least $ 0.80 per share per year assuming not more than 1.757 billion common shares are issued and outstanding. Full Article
Mobil'nye TeleSistemy OAO Interested In Developing Tele2 AB Assets With VTB Bank OAO; May Join Vimpelcom Ltd For Bid-Reuters
Reuters reported that Mobil'nye TeleSistemy OAO wants to help develop the local assets of Tele2 AB with Russian state-owned bank VTB Bank OAO. Tele2's Russian unit was recently sold to VTB, although MTS has complained that its bid was significantly higher than the eventual purchase price of $3.5 billion. MTS's chief financial officer Alexei Kornya said there was little the Company could do after its joint bid with Vimpelcom Ltd for $4.0-4.25 billion failed. Tele2 disclosed that its deal with VTB included a provision that it has the rights to half the profit obtained by the state bank if VTB resells Tele2 Russia within a year. Full Article
Mobil'nye TeleSistemy OAO Urges Tele2 AB's Russian Asset To Start Talks Over $4.25 Billion Offer With Vimpelcom Ltd; Rostelekom OAO, VTB Bank OAO In Race For Unit-Reuters
Reuters reported that Mobil'nye TeleSistemy OAO (MTS) on Monday urged Tele2 AB to start talks over the Nordic operator's Russian asset after making a bid of up to $4.25 billion, and said it was strange for management to ignore such an offer. MTS joined with Vimpelcom Ltd, part-owned by billionaire Mikhail Fridman, to bid for Tele2's Russian unit on Thursday, topping a lower bid by Fridman's A1 investment group and an agreed deal with state-controlled bank VTB Bank OAO. MTS and Vimpelcom are bidding for Tele2 Russia to try and prevent government-controlled Rostelekom OAO from taking the asset, some analysts have speculated. MTS said it has still had no response from Tele2. VTB has said that its deal is concluded and legally binding. MTS and Vimpelcom's offer to buy Tele2 was for $4.0 billion to $4.25 billion, topping A1's all-cash bid of $3.6-$4 billion and VTB's $3.5 billion deal. A1 said that it may take legal action to defend its right to buy. Full Article
Mobil'nye TeleSistemy OAO And Vimpelcom Ltd Offer Up To $4.25 Billion For Tele2 Assets, Mikhail Fridman's A1 Investment Group And VTB Bank OAO In Race For Unit-Reuters
Reuters reported that Russian mobile companies Mobil'nye TeleSistemy OAO (MTS) and Vimpelcom Ltd joined the bidders for Tele2 AB's Russian unit on Thursday, rivaling a proposal by billionaire Mikhail Fridman's A1 investment group and an agreed deal with VTB Bank OAO. MTS and Vimpelcom are offering to buy the asset for $4.0 billion to $4.25 billion, including $1.15 billion of net debt, claiming their bid was at a premium of up to 30% over the agreed deal with VTB. A1 topped VTB's offer with an all-cash bid of $3.6-$4 billion and said it was also considering an offer for the whole of the parent, Nordic telecoms group. State-controlled bank VTB agreed on Wednesday to buy Tele2 Russia in a deal that puts an enterprise value - or equity plus debt - on the business of $3.5 billion. Full Article
Mobile TeleSystems OJSC And Vimpelcom Ltd Express Joint Interest In Acquisition Of Tele2 AB's Tele2 Russia
Mobile TeleSystems OJSC (MTS), the telecommunications operator in Russia and the CIS, and Vimpelcom Ltd (VIP), announced that both companies have submitted a joint letter for the attention of Mr. Mike Parton, Chairman, and Mr. Mats Granryd, President and CEO, of Tele2 AB, expressing their interest in the acquisition of Tele2 Russia, a subsidiary of Tele2 AB. In the letter, MTS and VIP indicate that they would be prepared jointly to acquire 100% of Tele 2 Russia for between $ 4.0 - 4.25 billion, including $1.15 billion of net debt. This represents a premium of up to 30% for Tele2 AB and its shareholders relative to the equity value of the recently announced offer from VTB Capital. Full Article
Vimpelcom Ltd May Sell Russian Broadband Unit-Reuters
Reuters reported that Vimpelcom Ltd may sell its fixed-line retail broadband business in Russia, to focus on higher-margin mobile business. A sale of the assets with an estimated value of $1 billion according to Russian daily Vedomosti, would leave Vimpelcom's Russian unit with a mobile business and, potentially, fixed-line corporate clients. Full Article
Vimpelcom Ltd Authorizes Payment Of Dividend
Vimpelcom Ltd announced that the Supervisory Board has authorized the payment of a dividend of USD0.80 per American Depositary Share (ADS). This amount includes USD0.35 per ADS in relation to the Company's final 2011 results, bringing the total dividend in relation to the Company's 2011 results to USD 0.80 per ADS, which is in line with the Company's dividend guidelines. The announced dividend also includes USD0.45 per ADS in relation to the Company's interim 2012 results. Each ADS represents one common share. The total dividend payment amount will be approximately USD 1.3 billion. Full Article
Telenor ASA Opens Door To Selling Vimpelcom Ltd's Stake-Reuters
Reuters reported that Telenor ASA has changed stance on its stake in Russia's Vimpelcom Ltd, declining to rule out a sale in what could signal an end to a decade-long ownership battle. Telenor was taking a "pragmatic" stance on the stake, worth up to $7 billion, two days after its Russian partner in Vimpelcom bought another shareholder's stake to raise its voting rights to near 50%. Full Article
Altimo Buys More Vimpelcom Ltd's Shares-Reuters
Reuters reported that Mikhail Fridman's Altimo increased its stake in Russian telecoms group Vimpelcom Ltd outmaneuvering arch-rival Telenor and potentially settling a decade-old feud between the two. Altimo and Telenor have bickered over Vimpelcom's strategy and control for the past ten years, culminating in May when Russia's anti-monopoly regulator stepped in with a lawsuit contesting the Norwegian group's dominant position and suspending dividends payouts. The Russian tycoon's investment vehicle's acquisition overnight of 123.6 million shares, or near 6%, from Ukrainian businessman Viktor Pinchuk's Bertofan vehicle, raises its voting rights to 47.85% from 41.85%. Telenor holds a 43% stake. Full Article
Orascom Telecom closer to delisting after stock tender-source
CAIRO/MOSCOW - Egypt's Orascom Telecom (OTH) is closer to being delisted, sources said on Friday, after holders of around 10 percent of its stock agreed to be bought out.
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