Russian-Ukrainian Telcom Merger Announced
According to Oligopoly Watch, this surprising merger signals another case of rapid consolidation in Europe:
The big news this week in European telecom is the offer by Russia’s Vimpel Communications to buy Ukraine’s Kyivstar in an approximately $5.5 billion bid. Vimpel is Russia’s #2 cell phone company, while Kyivstar is #1 in Ukraine. It’s likely to be yet another case of rapid consolidation in the European market.
The post also points out that Norway’s Telnor and Russia’s Alfa Group will hold 39% each after the merger.
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