Bloomberg News

VimpelCom Will Decide on Buying Control of Euroset in January

December 09, 2011

Dec. 9 (Bloomberg) -- VimpelCom Ltd., the Russian mobile- phone operator with more than 200 million customers worldwide, said it will decide next month on whether to buy control of Euroset Holding NV, operator of Russia’s biggest mobile-phone retailer.

Vimplecom already owns a 49.9 percent stake in Euroset and has yet to decide on whether to buy another 25 percent, Elena Prokhorova, VimpelCom’s Moscow-based spokeswoman, said today in a telephone interview. Vimpelcom’s exclusive right to buy the 25 percent stake in Euroset expires Jan. 23, she said.

Billionaire Alexander Mamut, who owns the rest of Euroset, is seeking to sell his 50.1 percent stake, Kommersant newspaper reported yesterday, citing people it didn’t identify. Euroset’s Moscow-based public relations manager Alexandra Japrintseva said today the company has no comment on the report.

--Editors: Brendan Walsh, David Papadopoulos

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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