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TheStreet Open House

VimpelCom Sells Its Interest In Cambodia

Stocks in this article: VIP

AMSTERDAM, April 19, 2013 /PRNewswire/ --  "VimpelCom Ltd" ("VimpelCom" or "Group") (NYSE: VIP), a leading global provider of telecommunications services, announced today that it has sold its entire indirect stake in Sotelco Ltd. in Cambodia to its local partner, Mr. Huot Vanthan.

Jo Lunder, Chief Executive Officer of VimpelCom, commented: "We have previously outlined our Value Agenda within which our operations are reviewed to assess their future value to the Group. The decision to sell our interest in Cambodia is a result of this process.  We are happy that our long term partner in the company now takes control of the business in Cambodia."

About VimpelCom VimpelCom is one of the world's largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 767 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of December 31, 2012 VimpelCom had 214 million mobile subscribers on a combined basis. VimpelCom is traded on the New York Stock Exchange under the symbol (VIP). For more information visit: http://www.vimpelcom.com.

SOURCE VimpelCom Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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