VimpelCom to Exit Zimbabwe

VimpelCom will sell its stake in Telecel International Limited to ZARNet (Private) for $40 million. Telecel International owns 60% of Telecel Zimbabwe (Pvt) Ltd.

ZARNet is wholly owned by the Government of the Republic of Zimbabwe through the Ministry of Information & Communication Technology, Postal and Courier Services.

http://www.vimpelcom.com