Ursula Burns to chair Veon amid digital transformation | Executive Moves
Veon has named Ursula Burns to replace long-serving chair Alexey Reznikovich as the Russia-focused telco reinvents itself to become a global online services ...
Tag: VimpelCom
Russian Towers is ready buy Tele2 and MegaFon telecoms infrastructure | Q&A
Russian Towers has been rapidly gaining scale amid consolidation and mobile operators offloading their infrastructure to stabilise balance sheets. TelecomFinance ...
Telenor steers further away from Veon with 4% divestment
Norway’s Telenor Group has sold 70 million American depositary shares (ADSs) of Veon for US$262.5m as it winds down its ownership of the Russia-focused ...
Megafon to acquire Euroset from Beeline as it eyes growth in handset sales
Russian telco Megafon is mulling a purchase of the remaining 50% stake in mobile retail chain Euroset from Beeline, the Russian unit of VimpelCom – now ...
Bharti Airtel buys Telenor India but still slips behind the size of Vodafone-Idea
India’s largest mobile operator Bharti Airtel has purchased Telenor‘s local unit as fierce rivalry and price disruption from newcomer Reliance Jio Infocomm continues to spur ...
Sistema in MTS US$79m share buyback to strengthen cash position
Russia’s Sistema is selling 18,387,273 ordinary shares in the country’s largest mobile operator Mobile TeleSystems (MTS) to its subsidiary Stream Digital. The buyback transaction is ...
Global Telecom Holding browses for US$200m loan to buy 10% issued share capital
VimpelCom-controlled Global Telecom Holding is buying back 546.6 million treasury shares for E£4.14bn (US$220.4m) to acquire up to 10% of its total ...
Rostelecom buys Sibitex to develop B2B business as it continues to absorb regional telcos
Russian operator Rostelecom has completed the acquisition of 100% of enterprise-focused telco Sibitex through its regional subsidiary Bashinformsvyaz. Sibitex specialises in providing broadband, telephone and TV services to ...
VimpelCom to sell 13,000 towers in Russia for US$700m
VimpelCom’s Russian unit Beeline has agreed to sell 13,000 telecoms towers to Russian Towers for US$700m, TelecomFinance understands. The two parties have already inked the ...
Mobily looks to new CEO Ahmed Abdelsalam Abdelrahman to return to growth
Saudi Arabia’s Etihad Etisalat (Mobily) has hired Ahmed Abdelsalam Abdelrahman to replace Ahmad Farroukh as CEO as it works to ...
