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Vimpelcom sells out of Zimbabwe for $40 million

2015-11-18 01:00:00| Total Telecom industry news

Russian operator agrees to sell Telecel stake to government-owned Internet provider.

Tags: million zimbabwe sells vimpelcom

 

Telenor suspends two top execs over Vimpelcom corruption probe

2015-11-12 01:00:00| Total Telecom industry news

Finance chief and general counsel relieved of their duties 'to avoid questions being raised,' Norwegian operator says.

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UPDATE 1-Norway's Telenor suspends two executives over Vimpelcom probe

2015-11-12 00:30:13| Telecom - Topix.net

Norwegian telecoms group Telenor said on Wednesday it has suspended two executives, including its chief financial officer, over a probe into the handling of affiliate Vimpelcom's entry into Uzbekistan. Vimpelcom, in which Telenor owns a 33 percent stake, is under investigation by police in Norway, the Netherlands, Switzerland and the United States over payments made in connection to securing a network operating licence in Uzbekistan.

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Telenor cuts ties with ex-CEO Baksaas over Vimpelcom probe

2015-11-09 01:00:00| Total Telecom industry news

Vimpelcom swings to $1 billion third quarter net loss due to Uzbekistan provision.

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VimpelCom Posts $1 Billion Loss After Uzbek Bribery Provision

2015-11-06 18:37:03| Telecom - Topix.net

VimpelCom Ltd. swung to a quarterly loss after making a $900 million provision to cover potential U.S. and Dutch fines over bribery allegations in Uzbekistan. The carrier made a net loss of $1 billion in the third quarter, compared with a $105-million profit a year earlier, Amsterdam-based VimpelCom said in a statement Friday, citing figures excluding Italian operations.

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