VimpelCom Exits Cambodia

VimpelCom has sold its entire indirect stake in Sotelco Ltd. in Cambodia to its local partner, Mr. Huot Vanthan. Financial terms were not disclosed.

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.”

VimpelCom, or its invested partners, currently serve 214 million mobile subscribers on a combined basis in the following countries:  Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada.

http://www.vimpelcom.com