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Telenor selling 8.1% stake in VimpelCom to fund Asian expansion

Connectivity BusinessbyConnectivity Business
September 12, 2016
in Investments, Space Services, Strategy and Markets
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Norwegian Telenor Group has announced it is selling 24.5% of the 580 million American depositary shares it holds in VimpelCom, equivalent to 8.1% of the Russia-focused telco’s total outstanding common shares, as it reportedly aims to expand in Asia. Norwegian Telenor Group (OSE:TEL) has announced it is selling 24.5% of the 580 million American depositary shares (ADSs) it holds in VimpelCom (NASDAQ:VIP), equivalent to 8.1% […]

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Tags: CitigroupCredit SuisseEuropeJPMorgan ChaseLetterOneMorgan StanleyMTSPremiumTelenorTeliaTF249VimpelCom
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